Question

A company manufactures a popular style of chair. The price-demand function for this chair is given by

p(x)=250−x,
where x is the number of chairs sold. The fixed cost of production for this chair is $125 and the variable cost is $50. What is the company’s profit if they manufacture 50 chairs? Do not include a dollar sign or commas in your answer.

Answer 1

45

Explanation:

59-60 =1 x 45=45

so the answer is 45