The formulas below are the cost and revenue functions for a company that manufactures and sells small radios

Question

a.

Use the formulas shown to write the​ company's profit​ function, P, from producing and selling x radios.

b.

Find the​ company's profit if 20,000 radios are produced and sold

C(x) = 130,000 + 36x & R(x)=49x

Answer 1

Trent,

a. Profit P(x)=R(x)-C(x) (revenue, $ of radios sold, cost to produce those radios)

b. P(20,000)=49*20000-(130000+36*20000)

P(20,000)=980,000-850,000=130,000

Hope this helps

Jim