Can you please solve this and also help me understand it by explaining it briefly in a sentence? You work for a company producing cell phones. The cost C for producing x cell phones is C(x)= 240x + 50,000. The revenue R received from selling x phones is modeled with the function R(x)= 2000x − 10x2
Can you please solve this and also help me understand it by explaining it briefly in a sentence? You work for a company producing cell phones. The cost C for producing x cell phones is C(x)= 240x + 50,000. The revenue R received from selling x phones is modeled with the function R(x)= 2000x − 10x2
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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Can you please solve this and also help me understand it by explaining it briefly in a sentence?
You work for a company producing cell phones. The cost C for producing x cell phones is C(x)= 240x + 50,000. The revenue R received from selling x phones is modeled with the function R(x)= 2000x − 10x2
- What are the fixed costs for your company? That is, what are the costs even if you produce no cell phones?
- What is the variable cost? That is, what additional cost is there for producing one additional cell phone?
- What number of cell phones would give your company the maximum revenue? How much revenue would your company bring in for this number of phones?
- What is the profit function? (Hint: Profit = Revenue - Cost)
- For what number of cell phones does your company have no profit or loss?
- What number of cell phones would give your company the maximum profit? How much profit would your company make for this number of phones?
- On the same
coordinate system , graph the cost, revenue, and profit functions. Be sure to make your graph large enough to show the appropriate detail and choose appropriate scales on each axis.
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