SOLUTION: Suppose a stereo receiver manufacturer has the total cost function C(x) = 270x + 4300 and the total revenue function R(x) = 320x.
(a) What is the equation of the profit function
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Question 584537: Suppose a stereo receiver manufacturer has the total cost function C(x) = 270x + 4300 and the total revenue function R(x) = 320x.
(a) What is the equation of the profit function for this commodity?
(b) What is the profit on 775 items?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
(a)
Profit = Revenue - Cost
Profit =
Profit =
Profit =
(b)
Profit =
Profit =
Profit =
$34,450
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