Question
A company manufactures and sells x mechanical pencils per month. The weekly revenue function is R(x) = 1000x - 0.2x ^ 2 the cost function
A company manufactures and sells x mechanical pencils per month. The weekly revenue function is R(x) = 1000x - 0.2x ^ 2 the cost function is C(x) = 100, 000 + 220x . The weekly price demand equation is p = 1000 - 0.2x.
Find the profit function. Find the domain of the profit function. Give your answer in interval notation. Use calculus to find the maximum weekly profit.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles Of Microeconomics 2e By OpenStax
Authors: OpenStax
2nd Edition
1947172344, 978-1947172340
