Suppose a company’s variable costs for a product is given by: C(X) = 4X^2 + 32X The fixed cost is $15000 and the Total revenue Formula is: R(X) = 296X – 10X^2 Where X is the total number of units...

Suppose a company’s variable costs for a product is given by:

C(X) = 4X^2 + 32X

The fixed cost is $15000 and the Total revenue Formula is:

R(X) = 296X – 10X^2

Where X is the total number of units sold; C(X) and R)X) are in $.

1. Find the Profit Function


2. Find the number of units at which the profit for the product is Maximized (Round to the nearest whole number).


3. Find the Maximum Profit Value ($).