The cost C and revenue R functions (in dollars) for producing and selling x units of a product are c=34.5x+15000 and r=69.9x A.) Find the average profit function, p=r-c/x B.) Find the average profit using the formula in the previous question when x is 1000. Enter your answer as a dollar amount rounded to two decimals. C.) What is the limit of the average profit function as x approaches infinity?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
icon
Related questions
Topic Video
Question

The cost C and revenue R functions (in dollars) for producing and selling x units of a product are c=34.5x+15000 and r=69.9x

A.) Find the average profit function, p=r-c/x

B.) Find the average profit using the formula in the previous question when x is 1000. Enter your answer as a dollar amount rounded to two decimals.

C.) What is the limit of the average profit function as x approaches infinity?

 

Average Profit
15
1 point
The cost Cand revenue R functions (in dollars) for producing and selling x units of a
product are C = 34.5x + 15, 000 and R = 69.9x.
R-C
Find the average profit function
В I
A - A - T
x, E E
12pt
Paragraph
用。
16
1 point
Find the average profit using the formula in the previous question when x is 1000.
Enter you answer as a dollar amount rounded to two decimals.
Type your answer.
17
1 point
What is the limit of the average profit function as x approaches infinity?
15, 000
00
35.40
34.5
-00
Transcribed Image Text:Average Profit 15 1 point The cost Cand revenue R functions (in dollars) for producing and selling x units of a product are C = 34.5x + 15, 000 and R = 69.9x. R-C Find the average profit function В I A - A - T x, E E 12pt Paragraph 用。 16 1 point Find the average profit using the formula in the previous question when x is 1000. Enter you answer as a dollar amount rounded to two decimals. Type your answer. 17 1 point What is the limit of the average profit function as x approaches infinity? 15, 000 00 35.40 34.5 -00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Sequence
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.
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning