Taylor bought a painting for 1 million yen while in Japan. At the time, exchange rate was 1 dollar to 126 yen. If a friend offer
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Answer:
a) P(x)=14x-224,000 and b) P(21,000)=70,000.
Step-by-step explanation:
a.) Use the formulas shown to write the company's profit function, P, from producing and selling x radios.
The company's profit is given by its revenue minus the production cost. Then, the profit function P(x) will be given by
b.) Find the company's profit if 21,000 radios are produced and sold
To obtain the company's profit we just need to substitute the value given (x=21,000) in the formula 1). Therefore,
.