Question: I need help with problems 8 and 9. Both need worded explanations. 8. (8 points) A company's revenue function R(2) is quadratic and has z-intercepts
I need help with problems 8 and 9. Both need worded explanations.
8. (8 points) A company's revenue function R(2) is quadratic and has z-intercepts of (0,0) and (96351,0). What quantity of product must this company sell to maximize revenue? Hint: Do not attempt to write an equation for revenue. Work: Explanation: Answer: 9. (4 points) A business has the total cost function C(x) = 5x(1-3) + 1400. Determine the function for this business's average cost. You do not need to simplify your answer. Work: Explanation: Answer: 6
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