What is the estimated product of 1.39 x 6.76?
1 answer:
You might be interested in
Answer:
<em>If more than 134 articles are produced and sold, the firm will have positive profits and shoule start production</em>
Step-by-step explanation:
Cost, Revenue, and Profit Function
The cost function C(x) is given by
where x is the number of produced products.
The revenue function is
With both equations, we can know the profit function as
For the firm to have positive profits, it has to produce x articles with the condition
Or, equivalently
Solving for x
Thus
This means that if more than 134 articles are produced and sold, the firm will have positive profits and shoule start production