document.write( "Question 1166849: The profit function P(x) is the revenue function R(x) (how much it takes in) minus the cost function C(x) (how much it spends). In economic models, one typically assumes that a company wants to maximize its profit, or at least make a profit!\r
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\n" ); document.write( "\n" ); document.write( "Assuming that the company sells all that it produces, what is the profit function?
\n" ); document.write( "P(x)= \r
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\n" ); document.write( "\n" ); document.write( "Hint: Profit = Revenue - Cost as we examined in Discussion 3.\r
\n" ); document.write( "\n" ); document.write( "What is the domain of P(x)?
\n" ); document.write( "Hint: Does calculating P(x) make sense when x=−10 or x=1,000?\r
\n" ); document.write( "\n" ); document.write( "The company can choose to produce either 80 or 90 items. What is their profit for each case, and which level of production should they choose?
\n" ); document.write( "Profit when producing 80 items =
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\n" ); document.write( "\n" ); document.write( "Profit when producing 90 items =
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\n" ); document.write( "\n" ); document.write( "Can you explain, from our model, why the company makes less profit when producing 10 more units? \n" ); document.write( "

Algebra.Com's Answer #791402 by ikleyn(52778) $\"\"$ $\"About$

You can put this solution on YOUR website!
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What was posted, MAKES no SENSE.

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