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Author Question: A firm is considering a new product. The accounting department estimates that the ... (Read 115 times)

LaDunn

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Solve the problem.

A firm is considering a new product. The accounting department estimates that the total cost, C(x), of producing x units will be
C(x) = 50x + 6630.
The sales department estimates that the revenue, R(x), from selling x units will be
R(x) = 60x,
but that no more than 881 units can be sold at that price. Find and interpret (R - C)(881).
◦ $103,540 profit, income exceeds cost
It is worth it to develop product.
◦ -$2180 loss, cost exceeds income
It is not worth it to develop product.
◦ $2180 profit, income exceeds cost
It is worth it to develop product.
◦ $1544 profit, income exceeds cost
It is worth it to develop product.


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Marked as best answer by LaDunn on Feb 28, 2021

gabrielle_lawrence

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LaDunn

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Reply 2 on: Feb 28, 2021
Thanks for the timely response, appreciate it


nguyenhoanhat

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Reply 3 on: Yesterday
:D TYSM

 

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