SOLUTION: The revenue for selling x units of a product is R=28.25x. The cost of producing x units C= 11.85x+50,000. For the producer to obtain a profit the revenue must be larger than the co
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Question 974013: The revenue for selling x units of a product is R=28.25x. The cost of producing x units C= 11.85x+50,000. For the producer to obtain a profit the revenue must be larger than the cost. For what values of x will this product return a profit? Round your answer to the nearest whole unit.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The revenue for selling x units of a product is R=28.25x.
The cost of producing x units C= 11.85x+50,000.
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For the producer to obtain a profit the revenue must be larger than the cost.
For what values of x will this product return a profit?
Round your answer to the nearest whole unit.
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Solve the inequality:: R(x) > C(x)
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28.25x > 11.85x + 50,000
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16.4x > 50,000
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Ans: x > 50,000/16.4 = 3048.78.. units
x >= 3049 units
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Cheers,
Stan H.
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