The demand function for a new product is p(x)=-4x+28, where x is the number of items sold in thousands and p is the price in dollars. The cost function C(x)=4x+12. State the revenue function, then find the profit function. Complete the square to find the value of x that will maximize profits
2006-11-15 10:32:17 · 1 answers · asked by slow_math 1 in Science & Mathematics ➔ Mathematics
The demand function for a new product is p(x)=-4x+28, where x is the number of items sold in thousands and p is the price in dollars. The cost function C(x)=4x+12.
1. State the revenue function.
2. Find the profit function.
3. Complete the square to find the value of x that will maximize profits.
2006-11-15 10:48:51 · update #1
I think you should restate the question because it does not make sense as is.
2006-11-15 10:41:30 · answer #1 · answered by ironduke8159 7 · 0⤊ 0⤋