SOLUTION: The cost function for a certain company is
C = 50x + 600 and the revenue is given by R = 100x − 0.5x2.
Recall that profit is revenue minus cost. Set up a quadratic equati
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Question 1124409: The cost function for a certain company is
C = 50x + 600 and the revenue is given by R = 100x − 0.5x2.
Recall that profit is revenue minus cost. Set up a quadratic equation and find two values of x (production level) that will create a profit of $600.
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
and the revenue is given by .
Recall that profit is revenue minus cost.
find two values of (production level) that will create a profit of $:
since , equation will be zero if or
if ->
if ->
so, the values of x (production level) that will create a profit of $ are and
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