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The total revenue function for a product is given by R=580x dollars, and
the total cost function for this same product is given by C-5500+20x+x².
where C is measured in dollars. For both functions, the input x is the
number of units produced and sold.
a. Form the profit function for this product from the two given functions.
b. What is the profit when 7 units are produced and sold?
c. What is the profit when 19 units are produced and sold?
d. How many units must be sold to break even on this product?
a. Write the profit function.
P(X)=
(Simplify your answer.)
b. When 7 units are produced and sold, there is a
(Simplify your answer.)
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of [tex]$
c. When 19 units are produced and sold, there is a
(Simplify your answer.)
of $[/tex]
d. The number of units that must be sold to break even on this
product is
(Simplify your answer. Use a comma to separate answers
as needed.)
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