se the Sales information above to answer this question. he value x = 42.538 should be used in the cost model to stimate the cost of producing how many widgets?

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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Use the Sales information above to answer this question.
The value x = 42.538 should be used in the cost model to
estimate the cost of producing how many widgets?
widgets. Round to the nearest widget.
Transcribed Image Text:Use the Sales information above to answer this question. The value x = 42.538 should be used in the cost model to estimate the cost of producing how many widgets? widgets. Round to the nearest widget.
Widget Sales
Jesaki Inc. is trying to enter the widget market. The research
department established the following price-demand, cost, and
revenue functions:
Price-
p(x) = 60 - 1.20x
demand
function
Cost
|C(x) = 210 + 12x
function
Revenue
R(x) = xp(x) = x(60 - 1.20x)
function
where x is in thousands of widgets and C(x) and R(x) are in
thousands of dollars. The price p(x) is the price in dollars of
one widget when the demand is â thousand widgets. All three
functions have domain 1 ≤ x ≤ 50.
Transcribed Image Text:Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: Price- p(x) = 60 - 1.20x demand function Cost |C(x) = 210 + 12x function Revenue R(x) = xp(x) = x(60 - 1.20x) function where x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one widget when the demand is â thousand widgets. All three functions have domain 1 ≤ x ≤ 50.
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