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A company manufactures cassettes. Its cost and revenue functions are C(x) = 26,000 + 30x and R(x) = 43x, respectively, where x is the number of cassettes produced and sold in a week. How many cassettes must be sold by the company to realise some profit? |
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Answer» Cost function: C(x) = 26000 + 3Ox Revenue function: R(x) = 43x For profit, R(x) > C(x) ⟹ 26000 + 30x < 43x ⟹ 43x – 30x > 26000 ⟹ 13x > 26000 ⟹ x > 2000 Hence, more than 2000 cassettes must be produced to get profit. |
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