Question
A division of Chapman Corporation manufactures a pager. The weekly fixed cost for the division is $14,000, and the variable cost for producing x pagers/week
A division of Chapman Corporation manufactures a pager. The weekly fixed cost for the division is $14,000, and the variable cost for producing x pagers/week in dollars is represented by the function V(x). V(x) = 0.000001x3 − 0.01x2 + 50x The company realizes a revenue in dollars from the sale of x pagers/week represented by the function R(x). R(x) = −0.02x2 + 150x; (0 ≤ x ≤ 7,500)
a)Find the total cost function C.
b)Find the total profit function P.
c)What is the profit for the company (in dollars) if 1,500 units are produced and sold each week?
Step by Step Solution
3.36 Rating (149 Votes )
There are 3 Steps involved in it
Step: 1
Step 11 a The total cost function Cx represents the overall cost of producing x pagersweek It includ...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 StartedRecommended Textbook for
College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App