Question 1166860: 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!
Answers to some of the questions are given below so that you can check your work.
Assuming that the company sells all that it produces, what is the profit function?
P(x)=
Hint: Profit = Revenue - Cost as we examined in Discussion 3.
What is the domain of P(x)?
Hint: Does calculating P(x) make sense when x=−10 or x=1,000?
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?
Profit when producing 80 items =
Profit when producing 90 items =
Can you explain, from our model, why the company makes less profit when producing 10 more units?
Answer by ikleyn(52803)   (Show Source):
You can put this solution on YOUR website! .
I just answered one time saying that this post MAKES NO SENSE.
It MAKES NO SENSE because you LOST ALL INFORMATION defining functions in your post.
Next time, when I see it again, I will simply ZERO the post and will re-direct its remains into the TRASH BIN
without any explanations.
And also will inform the managers of this project,
asking them to remove you from the forum
for your total inability to provide a correct input.
Have a nice day (!)
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