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5 January, 20:04

Profit is equal to the revenue obtained from selling items minus the cost of producing those items, i. e. P (x) = R (x) - C (x) where x is the number of items produced. If C (x) = 0.5x + 3 and R (x) = 2.5x, what should the production level, x, be to generate a profit of $99?

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  1. 5 January, 22:29
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    P (x) = R (x) - C (x)

    Given that:

    R (x) = 2.5x and C (x) = 0.5x+3

    Then,

    P (x) = 2.5x - (0.5x+3)

    P (x) = 2x-3

    thus for profit of $99, the number of units will be found as follows:

    99=2x-3

    solving for x we get:

    102=2x

    x=56 units
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