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January 29, 2015

January 29, 2015

Posted by **Anonymous please help :)** on Monday, February 18, 2013 at 1:59pm.

A)What is the cost equation and what is the average cost per bicycle?

B)If the revenue equation is -3x^2+3200x where x is the number of bicycles, how many bicycles does the company need to sell to maximize profits?

- College Algebra -
**Steve**, Monday, February 18, 2013 at 4:27pmC(x) = 300000+500x

avgC(x) = C(x)/x = 300000/x + 500

P(x) = R(x)-C(x) = -3x^2 + 2700x - 300000

= 3(-x^2 + 900x - 100000)

max P(x) at -900/-2 = 450

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