Question

I need help answering number 19. Don’t look at my work

Answer 1

we have that

`R=-1,320p^2+57,000p`

and

`E=-12,500p+81,000`

therefore

The profit function is equal to

Remember that

profit is equal to total revenue minus total cost

so

`P=-1,320p^2+57,000p-(-12,500p+81,000)`

Simplify

`\begin{gathered} P=-1,320p^2+57,000p+12,500p-81,000 \\ P=-1,320p^2+69,500p-81,000 \end{gathered}`