SOLUTION: Total profit is defined as total​ revenue, R(x), minus total​ cost, C(x), and is given by the function ​P(x)=​R(x)​-C(x). Given ​R(x)=60-0.4x^2 and C(x)=5x+15 ​, find

Algebra ->  Finance -> SOLUTION: Total profit is defined as total​ revenue, R(x), minus total​ cost, C(x), and is given by the function ​P(x)=​R(x)​-C(x). Given ​R(x)=60-0.4x^2 and C(x)=5x+15 ​, find      Log On


   



Question 1164161: Total profit is defined as total​ revenue, R(x), minus total​ cost, C(x), and is given by the function ​P(x)=​R(x)​-C(x). Given ​R(x)=60-0.4x^2 and C(x)=5x+15 ​, find each of the following.
​a) P(x)
​b) ​R(70​), ​C(70​), and ​P(70​)

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
P(x)=difference in the binomials
-0.4x^2+60
-{5x+15)
This is -0.4x^2-5x+45
R(70)=60-0.4*4900=-1900
C(70)=365
P(70)=-$2265 from above
or -0.4(4900)-5(70)+45
=-$2265