The formulas below are the cost and revenue functions for a company that manufactures and sells small radios. a. Use the formulas shown to write the company's profit function, P, from producing and selling x radios. b. Find the company's profit if 25,000 radios are produced and sold. C(x) = 24,000 + 43x and R(x) = 45x a. The company's profit function is P(x) = ______. (Simplify your answer.) b. The company's profit from selling 25,000 radios is $_____.(Simplify your answer.) Giving detailed explanation is greatly appreciated, so I can solve problems like this going forward.
The formulas below are the cost and revenue functions for a company that manufactures and sells small radios. a. Use the formulas shown to write the company's profit function, P, from producing and selling x radios. b. Find the company's profit if 25,000 radios are produced and sold. C(x) = 24,000 + 43x and R(x) = 45x a. The company's profit function is P(x) = ______. (Simplify your answer.) b. The company's profit from selling 25,000 radios is $_____.(Simplify your answer.) Giving detailed explanation is greatly appreciated, so I can solve problems like this going forward.
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.4: Functions Given By Words
Problem 13E
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The formulas below are the cost and revenue functions for a company that manufactures and sells small radios.
a.
|
Use the formulas shown to write the company's profit function, P, from producing and selling x radios.
|
b.
|
Find the company's profit if 25,000 radios are produced and sold. |
C(x) = 24,000 + 43x and R(x) = 45x
a. The company's profit function is P(x) = ______. (Simplify your answer.)
b. The company's profit from selling 25,000 radios is $_____.(Simplify your answer.)
Giving detailed explanation is greatly appreciated, so I can solve problems like this going forward.
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