Mathematics, 17.12.2020 22:40, tishfaco5000

Earl’s Biking Company manufactures and sells bikes. Each bike costs $40 to make, and the company’s fixed costs are $5000. In addition, Earl knows that the price of each bike comes from the price function, p(x) = 300 -2x. (x = quantity produced) Determine:
1. The company’s revenue function, R(x). (10%)
R = (quantity) ( price)
R = x ( 300-2x)
R = 300x - 2x2 Answer

2. The company’s expense function, E(x). (30%)

3. The company’s profit function, P(x)

4. If the company produced 750 bikes in a month, how much profit would the company make?

Answers: 1

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Earl’s Biking Company manufactures and sells bikes. Each bike costs $40 to make, and the company’s f...