A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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  1. The financial department for a company established the following cost function for producing and selling x thousand notebook computers:

 

C(x) = 4,000 + 500x thousand dollars

 

  • Write a profit function for producing and selling x thousand notebook computers and indicate its domain.
  • Complete the below table, computing profits to the nearest thousand dollars.
  • Note: Price-demand function = p(x) = 2,000 – 60x. Domain = 1 <= x <= 25. Revenue already calculated for you

 

x (thousands)

R(x) = Revenue

C(x) = Costs

P(x) Profit (thousand $)

1

1,940

 

-2,560

5

1,700

 

 

10

1,400

 

 

15

1,100

 

 

20

800

 

 

25

500

 

 

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