To calculate the profit function \( P(x) \), we start with the formulas for revenue \( R(x) \) and cost \( C(x) \):
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The revenue function is given by: \[ R(x) = 30x \]
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The cost function is given by: \[ C(x) = 4x + 2262 \]
The profit function \( P(x) \) can be defined as the difference between revenue and cost: \[ P(x) = R(x) - C(x) \]
Substituting the revenue and cost functions into this equation gives: \[ P(x) = 30x - (4x + 2262) \]
Now, simplify the equation: \[ P(x) = 30x - 4x - 2262 \] \[ P(x) = 26x - 2262 \]
Break-even Point
The break-even point occurs when the profit equals zero, meaning: \[ P(x) = 0 \]
Setting the profit function to zero: \[ 26x - 2262 = 0 \]
Now, solve for \( x \): \[ 26x = 2262 \] \[ x = \frac{2262}{26} \] \[ x = 87 \]
Conclusion
The profit function is: \[ P(x) = 26x - 2262 \] The business must produce 87 units to break even.