Calculus with Applications (10th Edition)

Published by Pearson
ISBN 10: 0321749006
ISBN 13: 978-0-32174-900-0

Chapter 1 - Linear Functions - 1.2 Linear Functions and Applications - 1.2 Exercises - Page 25: 40

Answer

The company could go ahead with production of new product. The profit function $P(x)=145x-6000$

Work Step by Step

Substituting for $R(x)$ and $C(x)$ in the equation $R(x)=C(x)$ gives $105x+6000=250x$ $145x=6000$ $x \approx 41$ The firm breaks even by selling 41 units, which is the break-even quantity. If the company sells more than 41 units, it makes a profit. Since there is no more than 400 units can be sold, the company can make a profit manufacturing new product as long as the number of selling units between 41 and 400. The profit function P(x) $P(x)=R(x)-C(x)$ $P(x)=250x-105x-6000$ $P(x)=145x-6000$
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.