28-2 The valueproducing== 36.58 should be used in the cost model to estimate the cost ofhow many thingamabobs?thingamabobs. Round to the nearest thingamabob. Thingamabob SalesYaster Inc. is trying to enter the thingamabob market. The research departmentestablished the following price-demand, cost, and revenue functions:Price-p(x) = 57 1.14xdemandfunctionC(x) = 215 + 11xCost functionRevenueR(x) = xp(x) = x(57-1.14x)functionwhere x is in thousands of thingamabobs and C(x) and R(x) are in thousandsof dollars. The price p(x) is the price in dollars of one thingamabob when thedemand is a thousand thingamabobs. All three functions have domain1 ≤ x ≤ 50.

We need to determine the number of item T corresponding to x=36.58.

Answered: The value x = 36.58 should be used in…

The value x = 36.58 should be used in the cost model to estimate the cost of producing how many thingamabobs? thingamabobs. Round to the nearest thingamabob.

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...

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Question

28-2

The value
producing
=
= 36.58 should be used in the cost model to estimate the cost of
how many thingamabobs?
thingamabobs. Round to the nearest thingamabob.

Thingamabob Sales
Yaster Inc. is trying to enter the thingamabob market. The research department
established the following price-demand, cost, and revenue functions:
Price-
p(x) = 57 1.14x
demand
function
C(x) = 215 + 11x
Cost function
Revenue
R(x) = xp(x) = x(57-1.14x)
function
where x is in thousands of thingamabobs and C(x) and R(x) are in thousands
of dollars. The price p(x) is the price in dollars of one thingamabob when the
demand is a thousand thingamabobs. All three functions have domain
1 ≤ x ≤ 50.

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