The cost, in dollars, to produce x number of equipment is C(x) = 2x + 7000, x ≥ 0 and
the price-demand function, in dollars per equipment, is p(x) = 10 – 0.001x, 0 ≤ x.
Please answer the following:
a) Find and interpret C(0).
b) Find and interpret C(1000).
c) Find and interpret p(5000)
d) Find R(x).
e) Find and simplify P(x).
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