Given cost and revenue functions and C(q)=12q+3500 and R(q)=31q​, if the company can cover ​$19,328 in​ costs, how much profit can it expect to earn. Assume it sells all of its production

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.7: Direct And Inverse Variation
Problem 39PS
icon
Related questions
Question
Given cost and revenue functions and
C(q)=12q+3500
and
R(q)=31q​,
if the company can cover
​$19,328
in​ costs, how much profit can it expect to earn. Assume it sells all of its production.

 

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning