Suppose a company's revenue R (in dollars) from the sale of x units of its product is

Question:

Suppose a company's revenue R (in dollars) from the sale of x units of its product is given by

R = 215x

Suppose further that the total costs C (in dollars) of producing those x units is given by

C = 65x + 15,000

(a) If profit is revenue minus cost, find an expression for the profit from the production and sale of x units.

(b) Find the profit received if 1000 units are sold.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 02:49 AM

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Suppose a company's revenue R (in dollars) from the sale of x units of its product is

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R 215x C 65x 15000 a Pr...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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