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In: Accounting

james inc. charges $2,800 for its hand-crafted guitars. The cost function that describes the total cost,...

james inc. charges $2,800 for its hand-crafted guitars. The cost function that describes the total cost, C, as a function of the guitars crafted and sold, x, is:

C(x) = 2000x + 4x 2 + 30000

a) Formulate the profit function, P(x).

b) How many game boards must be crafted and sold in order to maximize the total profit?

c) What is the maximum profit?

d) How many game boards must be crafted and sold in order to break even?

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Expert Solution

ekkarill92 answered 1 year ago
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