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Revenue Function A company receives $100 for each unit sold. Each unit costs the company $20 to produce and to run the machines there is
Revenue Function
- A company receives $100 for each unit sold. Each unit costs the company $20 to produce and to run the machines there is a fixed cost of $800. The company wants to ensure that any Revenue generated by the machine must be non-negative (i.e. they produce enough units to warrant the startup cost)
- Write an equation for the revenue of this company R(x)
- What is the domain for your function? (write the first few allowed values for x)
- What is the range for your function (write the first few allowed values for y)
- Evaluate this function for x=25, 50, and 100 units produced
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