The revenue and cost functions for a particular product are given below. The cost and revenue...

The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and x represents the number of units .

R(x) = −0.8x² + 704x

C(x) = 264x + 57120

(a) How many items must be sold to maximize the revenue?
________________
(b) What is the maximum revenue?
________________

(c) Find the profit function.
P(x) = ___________

(d) How many items must be sold to maximize the profit?

_______________

(e) What is the maximum profit?

________________

(f) At what production level(s) will the company break even on this product? (Enter your answers as a comma-separated list.)
units

________________

Solutions

Expert Solution

Colby Messinger answered 1 year ago

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