Problem

CONSUMER DEMAND In Exercises 58, the demand function p = D(x) and the total cost function...

CONSUMER DEMAND In Exercises 58, the demand function p = D(x) and the total cost function C(x) for a particular commodity are given in terms of the level of production x. In each case, Find:

(a) The revenue R(x) and profit P(x).


(b) All values of x for which production of the commodity is profitable.

D(x) = − 0.37x + 47

C(x) = 1.38x 2 + 15.15x + 115.5

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Solutions For Problems in Chapter 1.1