00:01
Hi there, so for this problem we are told that a certain company determines that the cost of producing x units of a stock is given by a linear function.
00:11
Okay, where the fits cost, so the fits cost is given for this, and the fits cost is equal to 480.
00:20
And there is a variable cost, and that variable cost is 15.
00:28
So the question for this is the stock sells at a price, so the price for this will be 35.
00:36
So the question for this, the only question that we have for this is if the company sells 50 units, we need to determine whether fits sells at a profit or are at loss.
00:46
So we need to find first the profit function.
00:49
The profit function is the revenue minus the cost.
00:52
Let's write the cost function with the values that we are given.
00:55
This will be the fits cost, 480...