ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
A business sells items according to the following Cost and Revenue functions:
C(x)=10x+6100Cx=10x+6100
R(x)=−3.5x2+340xRx=-3.5x2+340x
(a) Find the profit function:
P(x)=Px=
(b) How many items should be sold to break even? (Round to the nearest whole number. Enter your answer as a comma-separated list if necessary)
(Enter the smaller number first)
x=x=
(c) What is the maximum profit for this business? (Round to two decimal places)
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