An appliance company has determined that the cost of produci…

An appliance company has determined that the cost of producing ice cream makers is $25.50 per ice cream maker plus $27,920 per month in fixed costs. The appliance company sells each ice cream maker for $200.Assuming the appliance company has already sold 205 ice cream makers, find the marginal profit the company would expect to earn or lose if they sell the 206th.

We can typically find the revenue function for selling an it…

We can typically find the revenue function for selling an item by multiplying the price of the item, p, by the number of items sold, x. In other words, R(x)=p*x.However, if the price of an item is given by a demand function p=D(x),then we can find the revenue function by instead multiplying the price by the demand function:R(x)=p*D(x).Is this assertion true or false?