Saltwater taffy can be sold wholesale for $45 per thousand individual candies. The cost of producing x thousand candies is C(x) = .5x 2 - 3x + 25 (a) What is the revenue function in this situation? (b) What is the profit function in this situation? (c) What number of candies will produce the largest possible profit? (d) What is the maximum profit?
Saltwater taffy can be sold wholesale for $45 per thousand individual candies. The cost of producing x thousand candies is C(x) = .5x 2 - 3x + 25 (a) What is the revenue function in this situation? (b) What is the profit function in this situation? (c) What number of candies will produce the largest possible profit? (d) What is the maximum profit?
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter3: Polynomial And Rational Functions
Section3.1: Quadratic Functions And Models
Problem 54E: Sales A soft-drink vendor at a popular beach analyzes his sales records and find that if he sells x...
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Saltwater taffy can be sold wholesale for $45 per thousand individual candies. The
cost of producing x thousand candies is C(x) = .5x
2 - 3x + 25
(a) What is the revenue function in this situation?
(b) What is the profit function in this situation?
(c) What number of candies will produce the largest possible profit?
(d) What is the maximum profit?
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