SOLUTION:
Case: Polynomials (Cost and Revenue)
Given:
Monthly cost
C(x) = 6x² + 20x
Monthly revenue
R(x) = –0.4x³ + 38x²– 25x + 150
Required: What is the profit function, P(x)
Method:
The profit is the difference between the revenue and the cost.
P(x)= R(x) - C(x)
P(x)= (–0.4x³ + 38x²– 25x + 150) - (6x² + 20x)
P(x)= –0.4x³+(38x² - 6x²)+(– 25x- 20x) + 150
P(x)= –0.4x³ + 32x² - 45x + 150
Final answer:
The expression for the profit function, P(x) is:
P(x)= –0.4x³ + 32x² - 45x + 150