Intermediate Algebra for College Students (7th Edition)

Published by Pearson
ISBN 10: 0-13417-894-7
ISBN 13: 978-0-13417-894-3

Chapter 3 - Review Exercises - Page 249: 19

Answer

The answer is $\$ 4,500$.

Work Step by Step

Given cost and revenue functions are $ C(x)=22,500+40x $ and $ R(x)=85x$ Cost and revenue for selling $400$ graphing calculators is Plug $x=400$ in both functions. Cost $ C(400)=22,500+40(400) $ Cost $ C(400)=22,500+16,000 $ Cost $ C(400)=38,500 $ and Revenue $ R(400)=85(400)$ Revenue $ R(400)=34,000$ Revenue is less than cost therefore it is loss. Loss $ =38,500-34,000=4,500 $.
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