Question
The total revenue function for a product is given by R=655x dollars, and the total cost function for this same product is given by C=19,250+70x+x2,
The total revenue function for a product is given by
R=655x
dollars, and the total cost function for this same product is given by
C=19,250+70x+x2,
where C is measured in dollars. For both functions, the input x is the number of units produced and sold.
a. Form the profit function for this product from the two given functions.
b. What is the profit when
25
units are produced and sold?
c. What is the profit when
43
units are produced and sold?
d. How many units must be sold to break even on this product?
a. Write the profit function.
P(x)=
(Simplify your answer.)
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