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: 21

Answer

$P(x)=45x-22,500$.

Work Step by Step

The given functions are $C(x)=22,500+40x$ and $R(x)=85x$ The profit function is the difference between the revenue function and the cost function. $\Rightarrow P(x)=R(x)-C(x)$. Substitute both values. $\Rightarrow P(x)=85x-(22,500+40x)$. Clear the parentheses. $\Rightarrow P(x)=85x-22,500-40x$. Add like terms. $\Rightarrow P(x)=45x-22,500$. Hence, the profit function is $P(x)=45x-22,500$.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.