For a certain company, the cost function for producing æ items is C (x) = 40 x + 200 and the revenue function for selling æ items is R(x) = -0.5(x – 120)² + 7,200. The maximum capacity of the company is 160 items. %3D

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.6: Problem Solving: Using Charts
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u, copy the description of your compan
given in the box below and then enter your solution to the four questions. To copy the description c
your company, highlighting and using "copy" from here in Mobius and then using "paste" int
Brightspace should work. However, if when you copy and paste r you get 2 instead, then chang
your x2 to x^2.
Hint: This question is an extension to the topic of Discussion Three.
For a certain company, the cost function for producing æ items is C (x) = 40 x + 200 and the
revenue function for selling x items is R(x) = -0.5(x – 120)² + 7,200. The maximum capacity
of the company is 160 items.
The profit function P (x) is the revenue function R(x) (how much it takes in) minus the cost function
C (x) (how much it spends). In economic models, one typically assumes that a company wants to
maximize its profit, or at least make a profit!
Answers to some of the questions are given below so that you can check your work.
1. Assuming that the company sells all that it produces, what is the profit function?
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Transcribed Image Text:u, copy the description of your compan given in the box below and then enter your solution to the four questions. To copy the description c your company, highlighting and using "copy" from here in Mobius and then using "paste" int Brightspace should work. However, if when you copy and paste r you get 2 instead, then chang your x2 to x^2. Hint: This question is an extension to the topic of Discussion Three. For a certain company, the cost function for producing æ items is C (x) = 40 x + 200 and the revenue function for selling x items is R(x) = -0.5(x – 120)² + 7,200. The maximum capacity of the company is 160 items. The profit function P (x) is the revenue function R(x) (how much it takes in) minus the cost function C (x) (how much it spends). In economic models, one typically assumes that a company wants to maximize its profit, or at least make a profit! Answers to some of the questions are given below so that you can check your work. 1. Assuming that the company sells all that it produces, what is the profit function? Save Quit & Save Previous Unit Item Next Unit Item
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