It is very important in business for companies todetermine their profit in different situations. Profit isrevenue (money earned) minus costs (money spent). Acompany's revenue earned from selling x items is givenby the function R(x) =500x, and their cost is given by thefunction c(x) = 1460 + 2a². Use this function to answer thefollowing questions.Write a function, P(x), that represents the company'sprofit from selling x items.P(x)PreviewIdentify the vertical intercept of P(x). Write it as anordered pair and interpret its meaning in a completesentence.Vertical Intercept:If the company sellsitems, they will lose \$How many items must be sold in order to maximize theprofit?To maximize profits,items must be sold.Round to the nearest whole number.What is the maximum profit that can be earned? Roundto the nearest cent.The maximum profit that can be earned is \$What is the minimum number of items that must be soldin order to make a profit? Round the answer to thenearest whole number.The company must sell a minimum ofto make a profititems

Question
Asked Mar 4, 2020
1 views
check_circle

Expert Answer

Step 1

Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for you. To get remaining sub-part solved please repost the complete question and mention the sub-parts to be solved.

Step 2

We have given

Then the profit function is given by revenue function minus cost function.

i.e.

Step 3

Sketch the graph of profit function

...

Want to see the full answer?

See Solution

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in
© 2020 bartleby. All Rights Reserved.