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
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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)= 240+ 50,000.  The revenue R received from selling x phones is modeled with the function R(x)= 2000− 10x2

  1. What are the fixed costs for your company?  That is, what are the costs even if you produce no cell phones?
  2. What is the variable cost?  That is, what additional cost is there for producing one additional cell phone?
  3. 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? 
  4. What is the profit function?  (Hint: Profit = Revenue - Cost)
  5. For what number of cell phones does your company have no profit or loss?
  6. What number of cell phones would give your company the maximum profit?  How much profit would your company make for this number of phones? 
  7. 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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