Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C=80,000+30x, R=300x−x220, P=R−C where the production output in 1 week is x calculators. If production is increasing at a rate of 500 calculators per week when production output is 6,000 calculators. Find the rate of increase (decrease) in cost, revenue, and profit. Question content area bottom Part 1 A) Costs are ▼ at the rate of $enter your response here per week at this production level. (Simplify your answer.) Part 2 B) Revenue is ▼ increasing decreasing at the rate of $enter your response here per week at this production level. (Simplify your answer.) Part 3 C) Profits are ▼ increasing decreasing at the rate of $enter your response here per week at this production level. (Simplify your answer.)
Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C=80,000+30x, R=300x−x220, P=R−C where the production output in 1 week is x calculators. If production is increasing at a rate of 500 calculators per week when production output is 6,000 calculators. Find the rate of increase (decrease) in cost, revenue, and profit. Question content area bottom Part 1 A) Costs are ▼ at the rate of $enter your response here per week at this production level. (Simplify your answer.) Part 2 B) Revenue is ▼ increasing decreasing at the rate of $enter your response here per week at this production level. (Simplify your answer.) Part 3 C) Profits are ▼ increasing decreasing at the rate of $enter your response here per week at this production level. (Simplify your answer.)
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
Related questions
Question
Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by
C=80,000+30x, | R=300x−x220, | P=R−C |
where the production output in 1 week is x calculators. If production is increasing at a rate of
500
calculators per week when production output is
6,000
calculators. Find the rate of increase (decrease) in cost, revenue, and profit.Question content area bottom
Part 1
A) Costs are
at the rate of
▼
$enter your response here
per week at this production level.(Simplify your answer.)
Part 2
B) Revenue is
at the rate of
▼
increasing
decreasing
$enter your response here
per week at this production level.(Simplify your answer.)
Part 3
C) Profits are
at the rate of
▼
increasing
decreasing
$enter your response here
per week at this production level.(Simplify your answer.)
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