document.write( "Question 129106: 1. A company that produces cells for solar collectors finds through experience that on the average it can sell x cells per day at a selling price (in dollars) of p(x) = 100 – 0.05x (p is called the demand function). The cost function C(x) for producing x cells per day is C(x)= 4000 + 60x – 0.01x^2\r
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document.write( "A. Write the revenue function R(x).\r
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document.write( "B. Write the profit function P(x).\r
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document.write( "C. Find the value of x that maximizes profit, and find the maximum profit. \n" );
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Algebra.Com's Answer #94373 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! a)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The revenue can be found by this general formula:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Revenue=Number of units sold*price of each unit\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So in our case, \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So the revenue function is \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "b)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The profit can be found by:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Profit=Revenue-Cost\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To find the max profit, we need to graph the profit function \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "And by using the calculators vertex function, we find that the vertex occurs at \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now plug in \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So the maximum profit is $6,000 \n" ); document.write( " |