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April 24, 2014

April 24, 2014

Posted by **shila** on Tuesday, October 23, 2007 at 12:26am.

a. Find the total revenue R(x).

b. Find the total profit P(x).

c. How many suits must the company produce and sell in order to maximize profit?

d. What is the maximum profit?

e. What price per suit must be charged in order to make this maximum profit?

- maths -
**qqqqq**, Sunday, September 7, 2008 at 12:56amOkay...

x=the number of suits sold

price=150-0.5x

cost=C(x)=4000+0.25x^2

a) Revenue is the total money made which is just the price times the number of suits sold, hence:

R(x)=(150-0.5x)(x)

b) Profit is the amount of money made or revenue minus the cost, hence:

P(x)=R(x)-C(x)

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