The cost function for a certain company is C = 20x + 700 and the revenue is given by R = 100x - 0.5x². Recall that profit is revenue minus cost. Set up a quadratic equation and find two values of x (production level) that will create a profit of $700.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Chapter9: Quadratic Functions And Equations
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The cost function for a certain company is C = 20x + 700 and the revenue is given by R = 100x - 0.5x². Recall that profit is revenue minus cost. Set up a quadratic equation and find two
values of x (production level) that will create a profit of $700.
Transcribed Image Text:The cost function for a certain company is C = 20x + 700 and the revenue is given by R = 100x - 0.5x². Recall that profit is revenue minus cost. Set up a quadratic equation and find two values of x (production level) that will create a profit of $700.
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