The monthly demand function for x units of a product sold by a monopoly is p = 5,100-² dollars, and its average cost is C 3,040+ 2x dollars. Production is limited to 100 units.Find the revenue function, R(x), in dollars.R(X) -Find the cost function, C(x), in dollars.C(x)=Find the profit function, P(x), in dollarsP(X) -Find P(x)P(x) =Find the number of units that maximizes profits. (Round your answer to the nearest whole number.)unitsFind the maximum profit. (Round your answer to the nearest cent.)$Does the maximum profit result in a profit or loss?O profitloss

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The monthly demand function for x units of a product sold by a monopoly is p=5.100-1² dollars, and its average cost is C-3,040 + 2x dollars. Production is limited to 100 units. Find the revenue function, R(x), in dollars. R(X) - Find the cost function, C(x), in dollars. ((x)= Find the profit function, P(x), in dollars P(X) - Find P(x) P(x) = Find the number of units that maximizes profits. (Round your answer to the nearest whole number) units Find the maximum profit. (Round your answer to the nearest cent.) $ Does the maximum profit result in a profit or loss? O profe loss

The monthly demand function for x units of a product sold by a monopoly is p=5.100-1² dollars, and its average cost is C-3,040 + 2x dollars. Production is limited to 100 units. Find the revenue function, R(x), in dollars. R(X) - Find the cost function, C(x), in dollars. ((x)= Find the profit function, P(x), in dollars P(X) - Find P(x) P(x) = Find the number of units that maximizes profits. (Round your answer to the nearest whole number) units Find the maximum profit. (Round your answer to the nearest cent.) $ Does the maximum profit result in a profit or loss? O profe loss

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter3: Functions

Section3.3: Rates Of Change And Behavior Of Graphs

Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?

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