The total cost, in dollars, for a company to produce and sell n guitars per month is C=240n+1200. The company's revenue, in dollars, from selling all n guitars is R=400n-2n^2.
1) Determine the profit function for this situation.
2)What is the profit of the company if 1 guitars are produced?
3) What is the minimum number of guitars that the company must sell for a profit of $1200?
4)How many guitars must the company produce and sell each month in order to maximize profit?

Question

anonymous · Answer

1)$$p=-2n^2 +160n-1200$$

anonymous · Answer

I came up with -1042 for #2, was told that is incorrect.

anonymous · Answer

for #4, i produced the answer "40" guitars.

anonymous · Answer

Profit is revenue minus cost.

anonymous · Answer

ah yeah... then 2 should be correct