Suppose that the marginal revenue for firefighting protective clothes is MR = 479 4x and the marginal cost is MC = 4.5x + 20 with a fixed cost of $320. Assume R(0) = 0. b) Find the revenue function. R(x) = = c) Find the cost function. C(x) = d) What is the maximum profit (to the nearest dollar)? The maximum profit is

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
icon
Related questions
Question
Suppose that the marginal revenue for firefighting protective clothes is MR = 479 4x and the
marginal cost is MC = 4.5x + 20 with a fixed cost of $320. Assume R(0) = 0.
b) Find the revenue function.
R(x) =
=
c) Find the cost function.
C(x) =
d) What is the maximum profit (to the nearest dollar)?
The maximum profit is
Transcribed Image Text:Suppose that the marginal revenue for firefighting protective clothes is MR = 479 4x and the marginal cost is MC = 4.5x + 20 with a fixed cost of $320. Assume R(0) = 0. b) Find the revenue function. R(x) = = c) Find the cost function. C(x) = d) What is the maximum profit (to the nearest dollar)? The maximum profit is
Expert Solution
steps

Step by step

Solved in 5 steps with 5 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,