Revenue and Cost The total weekly revenue functionfor a certain digital camera is given by R = 550xdollars, and the total weekly cost function for thecameras is C = 10,000 + 30x + x2dollars, where xis the number of cameras that are produced and sold.a. Find the profit function.b. Find the number of cameras that gives maximumprofit.c. Find the maximum possible profit.
Revenue and Cost The total weekly revenue functionfor a certain digital camera is given by R = 550xdollars, and the total weekly cost function for thecameras is C = 10,000 + 30x + x2dollars, where xis the number of cameras that are produced and sold.a. Find the profit function.b. Find the number of cameras that gives maximumprofit.c. Find the maximum possible profit.
Chapter9: Production Functions
Section: Chapter Questions
Problem 9.7P
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Revenue and Cost The total weekly revenue function
for a certain digital camera is given by R = 550x
dollars, and the total weekly cost function for the
cameras is C = 10,000 + 30x + x2
dollars, where x
is the number of cameras that are produced and sold.
a. Find the profit function.
b. Find the number of cameras that gives maximum
profit.
c. Find the maximum possible profit.
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