Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For a certain product, the revenue is given by R=40x and the cost is given by C=20x+1600To obtain a profit, the revenue must be greater

For a certain product, the revenue is given by R=40x and the cost is given by C=20x+1600To obtain a profit, the revenue must be greater than the cost. For what values of x will there be a profit? Graph the solution.
\\

Step by Step Solution

3.38 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

To make a profit R C Therefore 40x 20x 1600 40x 2... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Applications for the Management Life and Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

11th edition

9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042

More Books

Students also viewed these Mathematics questions

Question

In the G/M/1 model if G is exponential with rate show that = /.

Answered: 1 week ago