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  3. profit = revenue - cost p(x) = r(x) - c(x) given:

Profit = Revenue - Cost P(x) = R(x) - C(x) Given: R(x) = x^2 - 30x Given: C(x)...

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Question

Basic Math

Profit = Revenue - Cost

P(x) = R(x) - C(x)

Given: R(x) = x^2 - 30x

Given: C(x) = 5x + 100

X is hundreds of items sold / P, R, C are in hundreds ofdollars

(1) Determine the Initial Cost?

(2) Determine the maximum Profit and number of items requiredfor that profit?

(3) Determine the maximum Revenue and number of items requiredfor that revenue?

(4) Find the break even points, P(x) = 0. What do the valuesrepresent in relation to the business?

Answer & Explanation Solved by verified expert
3.6 Ratings (604 Votes)
I would request youto ensure that the Rx and Cx are typed incorrectlyIf yes below is the solution to this question1 Determine the Initial CostInitial costs are those that are incurredduring the setting up process Here the cost function is givenbyCx 5x 100The 5x    See Answer
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