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Solve the problem. In economics, functions that involve revenue, cost and profit are used. Suppose R(x)...
The total-cost, C(x), and total revenue, R(x), functions for producing x items are shown below, where...
The total-cost, C(x), and total revenue, R(x), functions for producing x items are shown below, where 0 SXS 800 C(x) = 5900 + 100x and R(x) = - + 600X a) Find the total-profit function P(x). b) Find the number of items, x, for which the total profit is a maximum a) P(x) = b) The profit is maximized for a production of units
Graphs of the cost C(x), revenue R(x) and the profit P(x), in thousands of dollars, are...
Graphs of the cost C(x), revenue R(x) and the profit P(x), in thousands of dollars, are shown, where x is the number of thousands of items produced. (a) Use the graph to find the formula for the revenue R(x). (b) The profit is given by P(x) = – x2 + 15x² - 27x- 50. What is the formula for the cost function C(x)? (c) Report the fixed costs. (d) Report the minimum marginal cost. (e) What is the largest profit...
DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of...
DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function for a product is R(x) = 55x and that the total cost function is c(X) - 1700 + 35x + 0.01x2. (a) Find the profit from the production and sale of 500 units. $ (b) Find the marginal profit function. (c) Find MP at x = 500. on the sale of the next (501st) unit. Explain what...
Find the marginal profit function if cost and revenue are given by C(x) = 164 +0.2x...
Find the marginal profit function if cost and revenue are given by C(x) = 164 +0.2x and R(x) = 3x -0.06x². P'(x) =
need help with #13 please and thank you 13. DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit...
need help with #13 please and thank you
13. DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function for a product is R(x) - 55x and that the total cost function is c(*) - 2000 + 35x + 0.01x? (a) Find the profit from the production and sale of 500 units. $ (b) Find the marginal profit function. (c) Find MP at x = 500. Explain...
Please find the rate of change for the total revenue, cost, and profit. Not just the total revenu...
Please find the rate of change for the total revenue, cost, and
profit. Not just the total revenue! Thank you!
Find the rate of change of total revenue, cost, and profit with respect to time. Assume that R(x) and C(x) are in dollars R(x) = 40x-0.5X, C(x) = 3x + 15, when x = 35 and dx/ dt = 15 units per day The rate of change of total revenue is $per day.
Find the rate of change of total...
Cost, revenue and profit functions may take parabolic forms. In many business and economics applications, our mo...
Cost, revenue and profit functions may take parabolic forms. In many business and economics applications, our most important goal is to maximize revenue, profit or minimize cost. We may be able to find the price or t and minimizes cost by using quadratic formula and vertex formula. he quantity of goods and maximizes profit, revenue services that The goal of this project is to enhance the understanding quadratic functions and how to find the Question 1: If you have the...
help INTRODUCTION Cost, revenue and profit functions may take parabolic forms. In many business and economics ap...
help
INTRODUCTION Cost, revenue and profit functions may take parabolic forms. In many business and economics applications, our most important goal is to maximize revenue, profit or minimize cost. We may be able to find the price or the quantity of goods and services that maximizes profit, revenue and minimizes cost by using quadratic formula and vertex formula. The goal of this project is to enhance the understanding quadratic functions and how to find the maximum/minimum. Question 1: If you...
The total revenue function for a product is given by R=655x dollars, and the total cost...
The total revenue function for a product is given by R=655x dollars, and the total cost function for this same product is given by C=19,250+70x+x2, where C is measured in dollars. For both functions, the input x is the number of units produced and sold. a. Form the profit function for this product from the two given functions. b. What is the profit when 25 units are produced and sold? c. What is the profit when 43 units are produced...
The revenue and cost functions for a particular product are given below.
The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and x represents the number of unitsR(x)=-0.8x2+608xC(x)=256x+36720(a) How many items must be sold to maximize the revenue?(b) What is the maximum revenue?(c) Find the profit function.(d) How many items must be sold to maximize the profit?(e) What is the maximum profit?(f) At what production level(s) will the company break even on this product?
The total-cost, C(x), and total revenue, R(x), functions for producing x items are shown below, where 0 SXS 800 C(x) = 5900 + 100x and R(x) = - + 600X a) Find the total-profit function P(x). b) Find the number of items, x, for which the total profit is a maximum a) P(x) = b) The profit is maximized for a production of units
Graphs of the cost C(x), revenue R(x) and the profit P(x), in thousands of dollars, are shown, where x is the number of thousands of items produced. (a) Use the graph to find the formula for the revenue R(x). (b) The profit is given by P(x) = – x2 + 15x² - 27x- 50. What is the formula for the cost function C(x)? (c) Report the fixed costs. (d) Report the minimum marginal cost. (e) What is the largest profit...
DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function for a product is R(x) = 55x and that the total cost function is c(X) - 1700 + 35x + 0.01x2. (a) Find the profit from the production and sale of 500 units. $ (b) Find the marginal profit function. (c) Find MP at x = 500. on the sale of the next (501st) unit. Explain what...
Find the marginal profit function if cost and revenue are given by C(x) = 164 +0.2x and R(x) = 3x -0.06x². P'(x) =
need help with #13 please and thank you
13. DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function for a product is R(x) - 55x and that the total cost function is c(*) - 2000 + 35x + 0.01x? (a) Find the profit from the production and sale of 500 units. $ (b) Find the marginal profit function. (c) Find MP at x = 500. Explain...
Please find the rate of change for the total revenue, cost, and
profit. Not just the total revenue! Thank you!
Find the rate of change of total revenue, cost, and profit with respect to time. Assume that R(x) and C(x) are in dollars R(x) = 40x-0.5X, C(x) = 3x + 15, when x = 35 and dx/ dt = 15 units per day The rate of change of total revenue is $per day.
Find the rate of change of total...
Cost, revenue and profit functions may take parabolic forms. In many business and economics applications, our most important goal is to maximize revenue, profit or minimize cost. We may be able to find the price or t and minimizes cost by using quadratic formula and vertex formula. he quantity of goods and maximizes profit, revenue services that The goal of this project is to enhance the understanding quadratic functions and how to find the Question 1: If you have the...
help
INTRODUCTION Cost, revenue and profit functions may take parabolic forms. In many business and economics applications, our most important goal is to maximize revenue, profit or minimize cost. We may be able to find the price or the quantity of goods and services that maximizes profit, revenue and minimizes cost by using quadratic formula and vertex formula. The goal of this project is to enhance the understanding quadratic functions and how to find the maximum/minimum. Question 1: If you...
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