A company manufactures and sells shirts. The daily profit the company makes depends on how many shirts they sell. The profit, in dollars, when the company sells x shirts can be found using the function f(x)=7x-40. Find and interpret the given function values and determine an appropriate domain for the function.
Question
The derivative of the profit function P(x) is called marginal profit with notation: P … Example 2: Given the average cost in dollar per unit C = 357x + 1800 , find: … (1) the selling price to maximize the revenue is 31 − 3 = 28 dollars per unit … Example 6: A company has established that the revenue function in dollars is R(x)=2x.