Chapter 2, Section 2.4, Question 069 Business. The demand function for a product

Question

Chapter 2, Section 2.4, Question 069 Business. The demand function for a product is p(x)-29-0.00005 x where P is the unit price (in dollars) of the product and X is the number of units produced and sold. The cost function for the product is C(x) 21x1600 where C is the total cost (in dollars) and X is the number of units produced. The total proft obtained by producing and selling X units is R(x) = xp(x)-C(x) Enter an expression for Px), the total proft function Edit By Descartes' Rule of Signs SHOW HINT LINK TO TEXT

Explanation / Answer

p(x)= 29-0.00005x , C(x)= 21x+1600

P(x)=xp(x)-C(x)

P(x)=x(29-0.00005x)-21x-1600 =-0.00005x2 29x -21x -1600 = -0.00005x2 +8x -1600

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.