Question: In Exercises 59 through 62, the demand function p = D(x) and the total cost function C(x) for a particular commodity are given in terms

In Exercises 59 through 62, the demand function p = D(x) and the total cost function C(x) for a particular commodity are given in terms of the level of production x. In each case, find:

(a) The revenue R(x) and profit P(x).

(b) All values of x for which production of the commodity is profitable.

D(x) = -0.37x + 47 C(x) = 1.38x + 15.15x + 115.5

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a Rx xDx x037x47 037x 2 47x Px Rx Cx 037x 2 47x 138x 2 1515x 1155 ... View full answer

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