The research department in a company that manufactures AM/FM clock radios established the following cost, and revenue functions:
R(x) = x(50-1.25x)
C(x) = 160 + 10x
where 0 < x < 20.
a) Determine when R = C (to the nearest thousand units. e.g. 6.247)
Quantity x = Blank 1 thousand units.
b) Determine the maximum profit (to the nearest thousand dollars).
Profit P = Blank 2 thosand dollars.
My answers don't seem to be correct (x = 16 and P = 160) Please help!
1 answer
By the way, "blank" is where the answer is supposed to be.