Question: For a certain company, the cost for producing x items is 55x+300 and the revenue for selling x items is 95x0.5x2 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 95x0.5x2
The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumesthat a company wants to maximize its profit, or at least wants to make a profit!
Part a: Set up an expression for the profit fromproducing and sellingx
items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratic polynomial.)
Part b: Find two values ofx that will create an profit of$50
.
The field below accepts a list of numbers or formulas separated by semicolons (e.g.2;4;6
orx+1;x1). The order of the list does not matter.
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