The cost, in dollars, to produce x number of equipment is C(x) = 2x + 7000, x ≥ 0 andthe price-demand function, in dollars per equipment, is p(x) = 10 – 0.001x, 0 ≤ x.C(x) denotes the cost to p

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.

C(x) denotes the cost to produce x items and p(x) denotes the price-demand function in the given economic scenario. (Hint:  Please see page 82 in section 1.5)

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).