The cost, in dollars, for a company to produce x C(x)=5000+3.00x for x=a. Find and interpret C(600).
The cost, in dollars, for a company to produce x C(x)=5000+3.00x for x=a. Find and interpret C(600).
widgets is given by >0 , and the price-demand function, in dollars per widget, is p(x)=30-0.02x for 0<=x<=1500.
b. Find and interpret
C
ˉ
(600). (Note that
C
ˉ
is the average cost function.)
c. Find and simplify the expression for the revenue function R(x).
d. Find and simplify the expression for the profit function P(x).
e. Find and interpret P(600), where P(x) is the profit function in part (d).