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Suppose a ceiling fan manufacturer has the total cost function C(x) = 33x + 800 and the total revenue function R(x) = 53x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. O The total costs are less than the revenue. O The total costs are more than the revenue. O The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fans

Suppose a ceiling fan manufacturer has the total cost function C(x) = 33x + 800 and the total revenue function R(x) = 53x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. O The total costs are less than the revenue. O The total costs are more than the revenue. O The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fans

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.4: Factoring Polynomials
Problem 84E: The rate of change of an autocatalytic chemical reaction is kQxkx2 where Q is the amount of the...
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Suppose a ceiling fan manufacturer has the total cost function C(x) = 33x + 800 and the total revenue function R(x) = 53x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue. The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fans
Transcribed Image Text:Suppose a ceiling fan manufacturer has the total cost function C(x) = 33x + 800 and the total revenue function R(x) = 53x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue. The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fans
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