Finding Values Find the constants a and b, where
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- Profit = revenue cost Cost and Revenue A tire company determines that to manufacture a certain type of tire, it costs $8000 to set up the production process. Each tire that is produced costs $22 in material and labor. The company sells this tire to wholesale distributors for $49 each. (a) Find a formula for the cost C of producing x tires? (b) Find a formula for the revenue R from selling x ? (c) Find a formula for the profit P from selling x tires? (d)How many tires must the company sell to break even?arrow_forwardOperating Cost A delivery company has a fleet of vans. The annual operating cost C (in dollars) per van is C=0.37m+2600, where m is the number of miles traveled by a van in a year. What number of miles yields an annual operating cost of $10,000?arrow_forwardMaximum Profit The profit P (in dollars) generated by selling x units of a certain commodity ¡s given by P(x)=1500+12x0.0004x2 What is the maximum profit, and how many units must be sold to generate it?arrow_forward
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