For a certain company, the cost function for producing x items is C (x)=30x+100 and the revenue function for selling x items is R(x)=-0.5(x-90)^2+4,050. The maximum capacity of the company is 130 items. 1. Assuming that the company sells all that it produces, what is the profit function? 2. What is the domain of P(x)? 3. The company can choose to produce either 60 or 70 items. What is their profit for each case and which level of production should they choose? 4. Why does the company make less profit when producing 10 more units?
For a certain company, the cost function for producing x items is C (x)=30x+100 and the revenue function for selling x items is R(x)=-0.5(x-90)^2+4,050. The maximum capacity of the company is 130 items. 1. Assuming that the company sells all that it produces, what is the profit function? 2. What is the domain of P(x)? 3. The company can choose to produce either 60 or 70 items. What is their profit for each case and which level of production should they choose? 4. Why does the company make less profit when producing 10 more units?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
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For a certain company, the cost function for producing x items is C (x)=30x+100 and the revenue function for selling x items is R(x)=-0.5(x-90)^2+4,050. The maximum capacity of the company is 130 items.
1. Assuming that the company sells all that it produces, what is the profit function?
2. What is the domain of P(x)?
3. The company can choose to produce either 60 or 70 items. What is their profit for each case and which level of production should they choose?
4. Why does the company make less profit when producing 10 more units?
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