The cost, in dollars, to produce x bottles of 100% All-Natural Certified Free-Trade Organic Sasquatch Tonic...
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The cost, in dollars, to produce x bottles of 100% All-Natural Certified Free-Trade Organic Sasquatch Tonic is C(x) = 10x + 100, x ≥ 0 and the price-demand function, in dollars per bottle, is p(x) = 35-x, 0 ≤ x ≤ 35. 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. The cost, in dollars, to produce x bottles of 100% All-Natural Certified Free-Trade Organic Sasquatch Tonic is C(x) = 10x + 100, x ≥ 0 and the price-demand function, in dollars per bottle, is p(x) = 35-x, 0 ≤ x ≤ 35. 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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