the cost and revenue function of a product are given by c x = 2 X + 400 and RX equal to 6 X + 20 respectively where X is the number of items produced by the manufacture how many times the manufacture machine to realize some profit
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75 is less than 95 + 72 + 73 + 83 + X upon 5 is less than 1875 is less than 323 plus X upon 5 less than 18 equal to 375 393 + X = 10400 equal to 5200000 then X is less than 77
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Given that,
Cost, C(x) = 20 x + 4000
Revenue, R(x) = 60x + 2000
We know that, profit = Revenue – Cost
Now, subsitute the given data in the above formula,
Profit = R(x) – C(x)
Profit = (60x + 2000)-(20 x + 4000)
Now, simplify it:
Profit = 60x + 2000 -20x -4000
Profit = 40x – 2000
To earn some profit, 40x – 2000 > 0
⇒40x > 2000
⇒ x>2000/40
⇒ x > 50
Thus, the manufacturer should sell more than 50 items to realise some profit
Hope it's Helpful....:)
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