Profit Suppose that the total weekly cost for theproduction and sale of x bicycles is C(x) = 23x +3420 dollars and that the total revenue is givenby R(x) = 89x dollars, where x is the number ofbicycles.a. Write the equation of the function that models theweekly profit from the production and sale of xbicycles.b. What is the profit on the production and sale of150 bicycles?c. Write the function that gives the average profit perbicycle.d. What is the average profit per bicycle if 150 areproduced and sold?
Profit Suppose that the total weekly cost for theproduction and sale of x bicycles is C(x) = 23x +3420 dollars and that the total revenue is givenby R(x) = 89x dollars, where x is the number ofbicycles.a. Write the equation of the function that models theweekly profit from the production and sale of xbicycles.b. What is the profit on the production and sale of150 bicycles?c. Write the function that gives the average profit perbicycle.d. What is the average profit per bicycle if 150 areproduced and sold?
Chapter11: Profit Maximization
Section: Chapter Questions
Problem 11.9P
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Question
Profit Suppose that the total weekly cost for the
production and sale of x bicycles is C(x) = 23x +
3420 dollars and that the total revenue is given
by R(x) = 89x dollars, where x is the number of
bicycles.
a. Write the equation of the function that models the
weekly profit from the production and sale of x
bicycles.
b. What is the profit on the production and sale of
150 bicycles?
c. Write the function that gives the average profit per
bicycle.
d. What is the average profit per bicycle if 150 are
produced and sold?
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