The total revenue function for a certain product is given by R= 870x dollars, and the total cost function for this product is C= 15,000 + 30x + x dollars, where x is the number of units of the product that are produced and sold. a. Which function is quadratic, and which is linear? b. Find the profit function for this product from these two functions. c. Is the profit function a linear function, a quadratic function, or neither of these? a. Choose the correct answer below. O A. The total revenue function is quadratic and the total cost function is linear. O B. The total cost function is quadratic and the total revenue function is linear. 1136 M arch

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...
icon
Related questions
Topic Video
Question
The total revenue function for a certain product is given by R= 870x dollars, and the total cost function for this product is C= 15,000 + 30x + x dollars, where x is the number of units
of the product that are produced and sold.
a. Which function is quadratic, and which is linear?
b. Find the profit function for this product from these two functions.
c. Is the profit function a linear function, a quadratic function, or neither of these?
a. Choose the correct answer below.
O A. The total revenue function is quadratic and the total cost function is linear.
O B. The total cost function is quadratic and the total revenue function is linear.
1136 M
arch
Transcribed Image Text:The total revenue function for a certain product is given by R= 870x dollars, and the total cost function for this product is C= 15,000 + 30x + x dollars, where x is the number of units of the product that are produced and sold. a. Which function is quadratic, and which is linear? b. Find the profit function for this product from these two functions. c. Is the profit function a linear function, a quadratic function, or neither of these? a. Choose the correct answer below. O A. The total revenue function is quadratic and the total cost function is linear. O B. The total cost function is quadratic and the total revenue function is linear. 1136 M arch
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning