Question
In: Finance
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 agoRelated Solutions
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