Raggs, Ltd. a clothing firm, determines that in order to sell x suits, the price per suit must be p = 130-0.75x. It also determines that the total cost of producing x suit is given by C(x) = 3000+ 0.5x². a) Find the total revenue, R(x). b) Find the total profit, P(x). c) How many suits must the company produce and sell in order to maximize profit?
Raggs, Ltd. a clothing firm, determines that in order to sell x suits, the price per suit must be p = 130-0.75x. It also determines that the total cost of producing x suit is given by C(x) = 3000+ 0.5x². a) Find the total revenue, R(x). b) Find the total profit, P(x). c) How many suits must the company produce and sell in order to maximize profit?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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