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Gymnast Clothing manufactures expensive soccer cleats for sale to college bookstores in runs of up to 500. Its cost (in dollars...Asked by Nick
Gymnast Clothing manufactures expensive soccer cleats for sale to college bookstores in runs of up to 500. Its cost (in dollars) for a run of x pairs of cleats is
C(x) = 3000 + 9x + 0.1x2 (0 ≤ x ≤ 500).
Gymnast Clothing sells the cleats at $130 per pair. Find the revenue and profit functions. How many should Gymnast Clothing manufacture to make a profit?
Revenue:
Profit:
At Least ____pairs
I don't know how to find the Revenue and Profit function with the formula given, how do I determine it?
Thanks
C(x) = 3000 + 9x + 0.1x2 (0 ≤ x ≤ 500).
Gymnast Clothing sells the cleats at $130 per pair. Find the revenue and profit functions. How many should Gymnast Clothing manufacture to make a profit?
Revenue:
Profit:
At Least ____pairs
I don't know how to find the Revenue and Profit function with the formula given, how do I determine it?
Thanks
Answers
Answered by
MathMate
Revenue is
R(x)=130x since it sells for $130 per pair
Profit function is
P(x)=R(x)-C(x)
To make a profit, P(x) must be positive.
R(x)=130x since it sells for $130 per pair
Profit function is
P(x)=R(x)-C(x)
To make a profit, P(x) must be positive.
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