SJFC Cost and Demand Worksheet

Description

Given the cost and demand (or price) equations:

C = 0.05x + 8

P = 2 – 0.1x

a) What is the Revenue function?

R = _______

b) What is the Profit function?

P = ________

c) Find the number of units that must be made and sold to break even. List the values from smallest to largest and round to one decimal place.

_________ or __________ units.

d) Find the number of units that must be made and sold to make a profit (P>0). Put your answer in interval notation and round to one decimal place.

__________.