What is the revenue function R(n), total cost function C(n) and profit Function,P(n) of this manufacturer in the following case:
A particular notebook company has a price/demand function of p(n)=1190-36n dollars, where n is the number in thousands of computers sold in the market. The manufactures fixed cost of operations is 4,320 dollars while the variable cost of production 146 per computer.
1 Answer | Add Yours
The question has been altered as you are not allowed to ask multiple questions in a single post.
The price demand function of the company is `p(n)=1190-36n` .
The revenue function is `R(n) = n*p(n) = 1190n-36n^2` .
The total cost is the sum of fixed cost and variable costs and is given by `C(n) = 4320+146n` .
The profit function is `P(n) =R(n)-C(n)=-4320+1044n-36n^2 `
We’ve answered 319,186 questions. We can answer yours, too.Ask a question