Please go back, reread the problem, and copy it correctly! I feel sure the average cost is NOT "fxacx said:business has an average cost of AC(x)= 100x+2x/x and its average revene per day is AR(x)= 100x+3/x
what is the average profit on producing and selling 40 items per day
how many must we sell to get an average daily of $80?
Profit is the financial gain that is achieved after deducting all expenses, including the cost of production and operating costs, from the total revenue earned.
The average profit is calculated by dividing the total profit earned by the number of items produced and sold. In this case, we would divide the profit earned from selling 40 items by 40.
The average profit can be affected by various factors, such as the cost of production, the selling price of the items, the demand for the items, and any additional expenses incurred in the production and selling process.
The average profit can be a useful indicator of business success, but it should not be the only factor considered. Other factors, such as the growth of the business and customer satisfaction, should also be taken into account.
The average profit can be increased by reducing production and operating costs, increasing the selling price of the items, and improving the efficiency of the production and selling process. Market research and identifying new opportunities can also help increase profits.