SOLUTION: Suppose a stereo receiver manufacturer has the total cost function C(x) = 270x + 4300 and the total revenue function R(x) = 320x. (a) What is the equation of the profit function

Algebra ->  Linear-equations -> SOLUTION: Suppose a stereo receiver manufacturer has the total cost function C(x) = 270x + 4300 and the total revenue function R(x) = 320x. (a) What is the equation of the profit function      Log On


   

Question 584537: Suppose a stereo receiver manufacturer has the total cost function C(x) = 270x + 4300 and the total revenue function R(x) = 320x.
(a) What is the equation of the profit function for this commodity?
(b) What is the profit on 775 items?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
(a)
Profit = Revenue - Cost
Profit = +320x+-+%28270x+%2B+4300%29+
Profit = +320x+-+270x+-+4300+
Profit = +50x+-+4300+
(b)
Profit = +50%2A775+-+4300+
Profit = +38750+-+4300+
Profit = +34450+
$34,450