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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