Given the Following Revenue and Cost Functions, Find the X-Value $$R ( x ) = 58 x - 2 x ^ { 2 } ; C ( x ) = 25 x + 98$$

question 249

Multiple Choice

Given the following revenue and cost functions, find the x-value that makes profit a maximum. (Recall that profit equals revenue minus cost.) $$R ( x ) = 58 x - 2 x ^ { 2 } ; C ( x ) = 25 x + 98$$

• A) 9.25
• B) 14.5
• C) 16.5
• D) 8.25

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Definitions:

Supply Chain Strategies

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Mitigating Uncertainty

The strategies and actions taken to reduce the unknown factors or volatility in operations, supply chain, and market environments.

Excess Capacity

The condition in which a company can produce more goods than the market demands.

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Thinly sliced varieties of cooked or cured meats that are often served cold.