Word problems on quadratic equations

Reference no: EM1316055

Question: The total revenue function for a product is given by R = 266x, & the total cost function for the same product is C = 2000 + 46x + 2x2, where R & C are each measured in thousands of dollars & x is the number of units produced & sold.

[A] Form the profit function for this product from the two given functions.
[B] How many units must be sold to break even on this product?
[C] What is the profit when 55 units are produced & sold?

Reference no: EM1316055

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