Question:
A division of Chapman Corporation manufactures a pager. The weekly fixed cost for the division is $10,000, and the variable cost for producing x pagers/week in dollars is represented by the function V(x).
{eq}V(x) = 0.000001x^3 – 0.01x^2 + 50x {/eq}
The company realizes a revenue in dollars from the sale of x pagers/week represented by the function R(x).
{eq}R(x) = -0.02x^2 + 150x space (0 \leq x \leq 7500) {/eq}
(a) Find the total cost function C.
(b) Find the total profit function P.
(c) What is the profit for the company if 1,700 units are produced and sold each week?
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