Suppose a ceiling fan manufacturer has the total cost function C(x) = 43x + 1850 and the

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Suppose a ceiling fan manufacturer has the total cost function C(x) = 43x + 1850 and the total revenue function R(x) = 80x.

(a) What is the equation of the profit function for this commodity?

(b) What is the profit on 30 units? Interpret your result.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 04:35 AM

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Suppose a ceiling fan manufacturer has the total cost function C(x) = 43x + 1850 and the

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a Px Rx Cx 80x 43x 1850 37x 1850 b ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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