Raggs, Ltd. a clothing firm, determines that in order to sell x suits, the price per suit must be p = 160 - 0.5x. It also determines that the total cost of producing x suits is given by C(x) = 4000 +0.75x?.
a) Find the total revenue, R(x)
b) Find the total profit, P(x).
c) How many suits must the company produce and sell in order to maximize profit?
a) R(x)=0
b) P(x) = 0
Enter your answer in each of the answer boxes.
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