Let R(x), C(x), and P(x) be, respectively, the revenue, cost, and profit, in dollars, from the production and sale of x items. If R(x) = 8x and C(x) = 0.003x + 1.3x + 50, find each of the following a) P(x) b) R(100), C(100), and P(100) c) R'(x), C'(x), and P'(x)

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 28EQ
icon
Related questions
Question

12

Let R(x), C(x), and P(x) be, respectively, the revenue, cost, and profit, in dollars, from the production and sale of x items. If R(x)= 8x and C(x)= 0.003x + 1.3x +50, find each of the following.
a) P(x)
b) R(100), C(100), and P(100)
c) R'(x), C'(x), and P'(x)
d) R'(100), C'(100), and P'(100)
P(100)= $|590|
(Type an integer or a decimal.)
c) R'(x) = 8 (Type an integer or a decimal.)
C'(x) = 0.006x + 1.3
(Use integers or decimals for any numbers in the expression.)
P'(x) =-0.006x + 6.7
(Use integers or decimals for any numbers in the expression.)
%3D
d) R'(100) = $
per item
(Type an integer or a decimal.)
C'(100) = $
per item
(Type an integer or a decimal.)
P'(100) = $
(Type an integer or a decimal.)
per item
Transcribed Image Text:Let R(x), C(x), and P(x) be, respectively, the revenue, cost, and profit, in dollars, from the production and sale of x items. If R(x)= 8x and C(x)= 0.003x + 1.3x +50, find each of the following. a) P(x) b) R(100), C(100), and P(100) c) R'(x), C'(x), and P'(x) d) R'(100), C'(100), and P'(100) P(100)= $|590| (Type an integer or a decimal.) c) R'(x) = 8 (Type an integer or a decimal.) C'(x) = 0.006x + 1.3 (Use integers or decimals for any numbers in the expression.) P'(x) =-0.006x + 6.7 (Use integers or decimals for any numbers in the expression.) %3D d) R'(100) = $ per item (Type an integer or a decimal.) C'(100) = $ per item (Type an integer or a decimal.) P'(100) = $ (Type an integer or a decimal.) per item
Expert Solution
steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Recommended textbooks for you
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell