Question

An aircraft manufacturer wants to determine the best selling price for a new airplane. The company estimates that the initial cost of designing the airplane and setting up the factories in which to build it will be 500 million dollars. The additional cost of manufacturing each plane can be modeled by the function: , where x is the number of aircraft produced and m is the manufacturing cost, in millions of dollars. The company estimates that if it charges a price p (in millions of dollars) for each plane, it will be able to sell planes.

(a) Find the cost, demand, and revenue functions.
(b)

Answer 1

any one to help ?

Answer 2

@KANSASftr sorry, sorry, i've been helping other kids too

Answer 3

what is the function? when it says, "The additional cost of manufacturing each plane can be modeled by the function: , where x is the n" where is the function? I think I can help if there is one ^_^

Answer 4

its cool, m(x)=20x-5x^0.75+0.01x^2 , find the cost ,demand and revenue function note the selling price will be x(p)=320-7.7p

Answer 5

this is racking my brain! I think i got it though...

Answer 6

so are we suppose to find the functions for cost? isn't it just
m(x)=20x-5x^0.75+0.01x^2

Answer 7

did you leave?

Answer 8

if you take the derivative, you can find the 'break even point' of how many planes need to be sold, and after you sell that many planes, you begin making a profit.

Answer 9

sorry about that , am still here