Question: 7 and 8 please (5 POINTS) 7) FOR A CERTAIN PRODUCT, THE REVENUE FUNCTION IS R(x)=603 AND THE COST FUNCTION IS C(1) = 30x +

7 and 8 please

(5 POINTS) 7) FOR A CERTAIN PRODUCT, THE REVENUE FUNCTION IS R(x)=603 AND THE COST FUNCTION IS C(1) = 30x + 2100. TO OBTAIN A PROFIT, THE REVENUE MUST BE GREATER THAN THE COST. FOR WHAT VALUES OF 1 WILL THERE BE A PROFIT? (12 POINTS) 8) USE YOUR CALCULATOR TO SOLVE THE FOLLOWING SIMPLEX PROBLEMS. A. Maximize - 7x + 10y subject to 14x + 14y 98 8x + 10y s 100

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