MY NOTES The demand function for a child's tricycle is given by p= 116 - 4x, where p is the price in dollars at which x tricycles can be sold. The cost function (in dollars) to produce tricycles is C = 20x + 200. ASK YOUR TEACHER (See Example 8 in this section. Simplify your answers completely.) (a) Find the revenue function, R. R = (b) Find the profit function, P. P = (c) What is the maximum profit (in dollars)? $ x 6.3.P.008. PRACTICE ANOTHER

MY NOTES The demand function for a child's tricycle is given by p= 116 - 4x, where p is the price in dollars at which x tricycles can be sold. The cost function (in dollars) to produce tricycles is C = 20x + 200. ASK YOUR TEACHER (See Example 8 in this section. Simplify your answers completely.) (a) Find the revenue function, R. R = (b) Find the profit function, P. P = (c) What is the maximum profit (in dollars)? $ x 6.3.P.008. PRACTICE ANOTHER

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter5: Polynomial And Rational Functions

Section: Chapter Questions

Problem 6PT: Solve the following application problem. A rectangular field is to be enclosed by fencing. In...

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The demand function for a child's tricycle is given by p = 116 - 4x, where p is the price in dollars at which x tricycles can be sold. The cost function (in dollars) to produce tricycles is C = 20x + 200. Simplify your answers completely.