You work for a company producing cell phones. The cost C for producing x cell phones is C(x)=240x+50,000. The revenue R received from selling x phones is modeled with the function R(x)=2000x−10x2.What are the fixed costs for your company? That is, what are the costs even if you produce no cell phones? Round to the nearest cent if necessary. What is the variable cost? That is, what additional cost is there for producing one additional cell phone? Round to the nearest cent if necessary. What number of cell phones would give your company the maximum revenue? Round to the nearest whole number if necessary. How much revenue would your company bring in for this number of phones? Round to the nearest cent if necessary.

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Answered: You work for a company producing cell…

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section1.3: Lines

Problem 92E

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You work for a company producing cell phones. The cost C for producing x cell phones is C(x)=240x+50,000. The revenue R received from selling x phones is modeled with the function R(x)=2000x−10x2.

What are the fixed costs for your company? That is, what are the costs even if you produce no cell phones? Round to the nearest cent if necessary.
What is the variable cost? That is, what additional cost is there for producing one additional cell phone? Round to the nearest cent if necessary.
What number of cell phones would give your company the maximum revenue? Round to the nearest whole number if necessary. How much revenue would your company bring in for this number of phones? Round to the nearest cent if necessary.

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