Problem

Business Use the table feature of a graphing calculator or use a spreadsheet to make a tab...

Business Use the table feature of a graphing calculator or use a spreadsheet to make a table of values for the profit function in Example, with x= 0, 5, 10,..., 150. Use the table to answer the following questions.

Example

Business A manufacturer of scientific calculators sells calculators for $12 each (wholesale) and can produce a maximum of 150,000. The variable cost of producing x thousand calculators is 6995x - 7.2x2 dollars, and the fixed costs for the manufacturing operation are $230,000. If x thousand calculators are manufactured and sold, find expressions for the revenue, cost, and profit.

What is the profi t or loss (negative profi t) when 25,000 calculators are sold? when 60,000 are sold? Explain these answers.

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