Question
A firm is considering a new product. The accounting department estimates that the total cost, C(x), of producing x units will be C(x) = 95x
A firm is considering a new product. The accounting department estimates that the total cost, C(x), of producing x units will be C(x) = 95x + 4660.
The sales department estimates that the revenue, R(x), from selling x units will be R(x) = 105x, but that no more than 789 units can be sold at that price.
Find and interpret (R - C)(789).
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
