A pretzel factory has daily fixed costs of $2700. In addition, it costs 20 cents

Question

A pretzel factory has daily fixed costs of $2700. In addition, it costs 20 cents to produce each bag of pretzels. A bag of pretzels sells for $1.90. Complete steps (a)-(c) below (a) Find the rule for the cost function c(x) that gives the total daily cost of producing x bags of pretzels c(x)= (Simplify your answer.) (b) Find the rule of the revenue function r(x) that gives the daily revenue from selling x bags of pretzels r(x)= (Simplify your answer.) (c) Find the rule of the profit function p(x) that gives the daily profit from x bags of pretzels p(x)-(Simplify your answer.)

Explanation / Answer

Ans:

a)Cost function:

c(x)=2700+0.2x

b)Revenue function:

r(x)=1.9x

c)Pfofit function:

p(x)=r(x)-c(x)

=1.9x-2700-0.2x

=1.7x-2700

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