The price P (in dollars) that a radio manufacturer is able to charge for radio is given by P =40-4x^2 where x is the number (in millions) produced. It costs the company $15 to make a radio.

a.) Write an expression for the company's total revenue in terms of x (Could you explain the process for finding this expression?)

b.) Write a function for the company's profit P by subtracting the total cost to make x radios from the expressions in Part A(the one just found)

c.) Currently, the company produces 1.5 million radios and makes a profit of $24,000,000. Write and solve an equation to find a lesser number of radios that the company could sell and still make a profit.

d.) Do all the solutions in part c make sense in this situation? Explain.

Answer rating: 100% (QA)

Given Price function Px 40 4 x wnese x no p9oduced in nillion Cost to mace one rat... View the full answer