Baskets, Inc., is planning to introduce a new woven basket. The company estimates that the cost (in dollars) to manufacture x baskets will be C(x) = 5x + 2340, x ≥ 0 and
the price-demand function, in dollars per basket is p(x) = 40 - 0.1x dollars, 0 ≤ x
Please answer the following:
a) Find and interpret C(0).
b) Find and interpret C(100).
c) Find and interpret p(100)
d) Find R(x).
e) Find and simplify P(x).
C(x) = 5x + 2340 p(x) = 40 - 0.1x a) C(0) = 2340 is the fixed cost of production b) C(100) = 500+2340 =... View the full answer