Problema Solution
A company is planning to make a new kind of radio. The cost to produce x radios is C(x) = 80,000 + 10x. Meanwhile, the revenue earned by selling x radios is given by R(x) = 18x. If R < C, the company loses money. At what level of production does this happen?
Answer provided by our tutors
R < C
Plug C(x) = 80,000 + 10x and R(x) = 18x into the last inequality:
18x < 80000 + 10x
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x < 10,000
The company losses money if it is producing less than 10,000 radios.