Pearl Ltd. intends to manufacture and market vegetable crates. Their research department has derived the price-demand equation and the cost function, respectively as: x=10,000-40p and C(x)=180,000+30p where x is the number of crates that can be sold at $p per unit and C(x) represents the total cost of producing x crates. d. Determine the Revenue , R(x) and Profit, P(x) functions.
Pearl Ltd. intends to manufacture and market vegetable crates. Their research department has derived the price-demand equation and the cost function, respectively as: x=10,000-40p and C(x)=180,000+30p where x is the number of crates that can be sold at $p per unit and C(x) represents the total cost of producing x crates. d. Determine the Revenue , R(x) and Profit, P(x) functions.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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Pearl Ltd. intends to manufacture and market vegetable crates. Their research department has derived the price-demand equation and the cost function, respectively as:
x=10,000-40p and C(x)=180,000+30p
where x is the number of crates that can be sold at $p per unit and C(x) represents the total cost of producing x crates.
d. Determine the Revenue , R(x) and Profit, P(x) functions.
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