The cost, in dollars, to produce x balloons for your business to advertise locally is 5 cents per balloon and an additional $5 for the entire order, including things like tax. We can write that as an equation C(x) = 0.05x+ 5,x≥0. We know that your price-demand is going to be p(x)=.1x, then please find the following: 1.C(0) =
2.The average cost per balloon when producing 20 balloons is ?
3.The revenue function is R(X)=?
4.The profit function is P(x)=?
5.If the maximum amount of money you have to buy balloons is $500, then how many balloons should you make?
(Note this is asking where the maximum is of the Profit function).
6.At what point does making balloons cause the revenue to equal the cost?