Business The daily revenue R achieved by selling x boxes of candy is figured to be The
Chapter 4, Problem 80(choose chapter or problem)
Business The daily revenue R achieved by selling x boxes of candy is figured to be The daily cost C of selling x boxes of candy is (a) How many boxes of candy must the firm sell to maximize revenue? What is the maximum revenue? (b) Profit is given as What is the profit function? (c) How many boxes of candy must the firm sell to maximize profit? What is the maximum profit? (d) Provide a reasonable explanation as to why the answers found in parts (a) and (c) differ. Explain why a quadratic function is a reasonable model for revenue.
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