A company that sells radios has yearly fixed costs of $650,000. It costs the company $45 to produce each radio. Each radio will sell for $70. The company's costs and revenue are modeled by the following functions, where x represents the number of radios produced and sold. C(x) = 650,000 + 45x, R(x) = 70x Find and interpret (R- C)(13,000), (R- C)(26,000), and (R – C)(39,000). |

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter8: Introduction To Functions
Section8.8: Linear And Quadratic Functions
Problem 1OE
icon
Related questions
Question

I need help interpreting R-C(13,000),R-C(26,000), R-C(39,000)

A company that sells radios has yearly fixed costs of $650,000. It costs the company $45 to produce each radio. Each radio will sell for $70. The company's costs and
revenue are modeled by the following functions, where x represents the number of radios produced and sold.
C(x) = 650,000 + 45x,
R(x) = 70x
Find and interpret (R- C)(13,000), (R- C)(26,000), and (R – C)(39,000).
|
Transcribed Image Text:A company that sells radios has yearly fixed costs of $650,000. It costs the company $45 to produce each radio. Each radio will sell for $70. The company's costs and revenue are modeled by the following functions, where x represents the number of radios produced and sold. C(x) = 650,000 + 45x, R(x) = 70x Find and interpret (R- C)(13,000), (R- C)(26,000), and (R – C)(39,000). |
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Ring
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College