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Please see scenario below and answer the following questions. The cost, in dollars, to produce x I'd rather be a Sasquatch T-Shirt is C(x)=2x+26, x
Please see scenario below and answer the following questions.
The cost, in dollars, to produce x "I'd rather be a Sasquatch" T-Shirt is C(x)=2x+26, x> 0 and the price-demand function, in dollars per shirt, is p(x)=30-2x, 0< x < 15.
- Find the profit function P(x)
-Find the number of items which need to be sold in order to maximize profit.
-Find the maximum profit
-Find the price to charge per item in order to maximize profit.
-Find and interpret break-even points.
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