A company that produces electronic components can model its revenue and expense by the functions R(x)= (125/(x^2-12x+61))+4 and E(x) = sqrt(2x+1)+3 respectively, where x is hundreds of components produced and R(x) and E(x) are in thousands of dollars. Assuming 0 ≤ x ≤ 10, answer the following.
ATo the nearest dollar, what is the maximum revenue?
BIf profit is calculated as the difference between revenue and expense, P(x) = R(x) - E(x), how many items should be produced to maximize profit?
I missed class the day we went over min and max and am very confused on this problem and would really appreciate help thanks.
ATo the nearest dollar, what is the maximum revenue?
BIf profit is calculated as the difference between revenue and expense, P(x) = R(x) - E(x), how many items should be produced to maximize profit?