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You are the owner of a company that produces and sells a new tool at hardware...

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Basic Math

You are the owner of a company that produces and sells a newtool at hardware stores. During one month, when 'x' of those newtools were produced and sold, the following were the revenue andcost (in hundreds of dollars).  

R(x)= -0.06x2 +13.12x + 65.8 C(x)=3.04x+7.6

5.Fill-in the blanks.Be sure to read the followingcarefully!

HINT: do NOT use the TABLE from your graphing calculator, but DOuse the graphing capabilities.

a)The profit for that month was 79 hundred dollars when..........................of the new tool were produced andsold.

b)The profit for that month was 98 hundred dollars when...........................of the new tool were produced andsold.

c)The profit for that month was 316 hundred dollarswhen...........................of the new tool were produced andsold.

d)The profit for that month was 47,600 dollarswhen................................of the new tool were producedand sold.

Answer & Explanation Solved by verified expert
4.2 Ratings (608 Votes)
SolutionWe haveRevenue function in hundred dollarsofx new tools sold as1and Cost function in hundred dollars of x new tool producedasCx 304x 76 2From 2 equatios we getThe profit in hundred dollarsof x    See Answer
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