The total cost for a small business to produce and market a commodity is given by...

Transcribed Image Text:

The total cost for a small business to produce and market a commodity is given by C(x) = 16x + 4800 dollars, where x represents the number of units. The revenue earned from selling x units is R(x) = x(300 - 2x) dollars. (12 points total) a. How many units must be sold to maximize revenue? b. Determine the function that represents the profit earned by the business. C. How many units must be sold for the business to maximize its profits, and what is the maximum profit? d. What is the lowest number of units that must be sold for the business to break even (i.e. when profit is zero dollars)? Round the value up to the nearest unit. The total cost for a small business to produce and market a commodity is given by C(x) = 16x + 4800 dollars, where x represents the number of units. The revenue earned from selling x units is R(x) = x(300 - 2x) dollars. (12 points total) a. How many units must be sold to maximize revenue? b. Determine the function that represents the profit earned by the business. C. How many units must be sold for the business to maximize its profits, and what is the maximum profit? d. What is the lowest number of units that must be sold for the business to break even (i.e. when profit is zero dollars)? Round the value up to the nearest unit.

Answer rating: 100% (QA)

To answer the given questions lets work through each part step by step a To maximize revenue we need ... View the full answer