jaysquared2
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- Joined
- Sep 7, 2010
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The Gummy Ghosts Company produces packages of Gummy Ghosts candy. The finance department
has determined from sales data that the price-demand function is p(x)=3000-5x for 1 less/equal x less/equal 3000, where x is the number of packages of candy produced and sold.
a. Write a revenue function. R(x) = 3000x - 5x^2
b. If the variable costs are $0.74 per package and the fixed costs are $1200, find a cost function.
*This is the part I'm lost on.
C(x) = _______________
c. Using the revenue and cost functions, write a profit function. P(x) = _________________.
Simplify your answer.
I believe P(x)= R(x) - C(x), but I would need to find the above to do this.
All I'd have right now is:
P(x)= (3000x-5x^2) - C(x)
has determined from sales data that the price-demand function is p(x)=3000-5x for 1 less/equal x less/equal 3000, where x is the number of packages of candy produced and sold.
a. Write a revenue function. R(x) = 3000x - 5x^2
b. If the variable costs are $0.74 per package and the fixed costs are $1200, find a cost function.
*This is the part I'm lost on.
C(x) = _______________
c. Using the revenue and cost functions, write a profit function. P(x) = _________________.
Simplify your answer.
I believe P(x)= R(x) - C(x), but I would need to find the above to do this.
All I'd have right now is:
P(x)= (3000x-5x^2) - C(x)