Profit Analysis The same multimedia company now estimates their cost and revenue functions to be: C(x)...

Profit Analysis

The same multimedia company now estimates their cost and revenue functions to be:

C(x) = 11.2x + 48,000 and

R(x) = 18.26x.

Find the profit of manufacturing and selling 9,633 units. (Round to two decimal places).

Solutions

Expert Solution

Profit=Revenue-Costs

=18.26x-(11.2x+48,000)

Hence profit for 9,633 units

=(18.26*9,633)-(11.2*9,633)-48,000

which is equal to

=$20008.98

jeff jeffy answered 2 years ago

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