Question: For a certain company, the cost for producing x items is 55x+300 and the revenue for selling x items is 95x-0.5x^2.. The profit that the
For a certain company, the cost for producing x items is 55x+300 and the revenue for selling x items is 95x-0.5x^2..
The profit that the company makes is how much it takes in revenue minus how much it spends (costs). In economic models, one typically assumes that a company wants to maximize profits or at least wants to make a profit.
Part A. Set up an expression for the profit from producing and selling x items. we assume that the company sells all of the items that it produces ( Quadratic Polynomial).
Part B. Find two values of x that will be a profit of $300.
Part C. Is it possible for the company to make a profit of $15000=
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