Question
A sock company estimates that its monthly cost is C(x)=100x^(2)+500x and its monthly revenue is R(x)=-0.5x^(3)+800x^(2)-700x+500, where x is in thousands of pairs of socks
A sock company estimates that its monthly cost is C(x)=100x^(2)+500x and its monthly revenue is R(x)=-0.5x^(3)+800x^(2)-700x+500, where x is in thousands of pairs of socks sold. The profit is the difference between the revenue and the cost. What is the profit function, P(x) ?
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Answer The profit function is equal to 05x700x1200x500 COST ...
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
