(a) The total cost, in millions of dollars, of producing x thousand units of an item is
Chapter 11, Problem 11.2.26(choose chapter or problem)
(a) The total cost, in millions of dollars, of producing x thousand units of an item is C(x) = 4(x 1)2 + 4. Graph C(x). (b) The revenue (in millions of dollars) from selling x thousand units of the item is R(x) = 10x. What does this tell you about the price of each unit? (c) Profit is revenue minus cost. For what values of x does the firm make a profit? Break even? Lose money?
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