Question
A catering company estimates that, if it has x customers in a typical week, its expenses will be approximately C(x) = 550x + 6500
A catering company estimates that, if it has x customers in a typical week, its expenses will be approximately C(x) = 550x + 6500 dollars, and its revenue will be approximately R(x) = 1200x dollars. (i) How much profit will the company earn in 1 week when it has 12 customers? (ii) How much profit is the company making each week if the weekly costs are running at a level of $14,750?
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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
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