Question

An entrepreneur pitches his new product to a group of potential investors. In his pitch, he states that he sells his kitchen gadget for $14.99, but he can make each item for $2.49. In addition to the cost of making each item, he has fixed costs of $800 each week.
a. The cost function is , where is the number of items produced each week.
b. The revenue function is , where is the number of items sold each week.
c. The profit function is    .
d. The entrepreneur needs to sell more than gadgets each week to make money.

Answer 1