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

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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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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