Question #302473

The marketing research department for a company that manufactures and sells laptop computers

established the following price-demand and cost functions, respectively:

p (x) = 1,000 - 25x

C(x) = 2,150 + 250x

where p() is the wholesale price in United States dollars at which y thousand laptops can be sold and

C(x) is in thousands of dollars. The domain of both functions is, 1 < x < 10.


formulate a revenue and a profit function


1
Expert's answer
2022-02-27T02:18:35-0500

The revenue function is given as : R(x)=P(x)×xR(x)=P(x)×x

R(x)=(100025x)xR(x)=(1000-25x)x

R(x)=1000x25x2R(x)=1000x-25x^2


The profit function, π(x)\pi(x), is given as: π(x)=R(x)C(x)\pi(x)=R(x)-C(x)

π(x)=1000x25x2(2150+250x)\pi(x)=1000x-25x^2-(2150+250x)

π(x)=1000x25x22150250x\pi(x)=1000x-25x^2-2150-250x

π(x)=750x25x22150\pi(x)=750x-25x^2-2150


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