Question: 1.The cost function for a certain company is C = 50 x + 600 and the revenue is given by R = 100 x 0.5
1.The cost function for a certain company is
C = 50x + 600
and the revenue is given by
R = 100x 0.5x2.
Recall that profit is revenue minus cost. Set up a quadratic equation and find two values of x (production level) that will create a profit of $600.
2. An epidemiological study of the spread of a certain influenza strain that hit a small school population found that the total number of students, P, who contracted the flu t days after it broke out is given by the model
P = t2 + 13t + 140,
where
1 t 6.
Find the day that 170 students had the flu. Recall that the restriction on t is at most 6.
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