1. MAXIMIZING PROFIT A division of Chapman Corporation manufactures a pager. The weekly fixed cost for the divi- sion is $20,000, and the variable cost for producing x pag- ers per week is V(x) 0.000001x - 0.01x² + 50x %3D dollars. The company realizes a revenue of R(x) = = -0.02x + 150x (0 sx< 7500) %3D dollars from the sale of x pagers/week. Find the level of- production that will yield a maximum profit for the manufacturer. Hint: Use the quadratic formula.
1. MAXIMIZING PROFIT A division of Chapman Corporation manufactures a pager. The weekly fixed cost for the divi- sion is $20,000, and the variable cost for producing x pag- ers per week is V(x) 0.000001x - 0.01x² + 50x %3D dollars. The company realizes a revenue of R(x) = = -0.02x + 150x (0 sx< 7500) %3D dollars from the sale of x pagers/week. Find the level of- production that will yield a maximum profit for the manufacturer. Hint: Use the quadratic formula.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
ChapterP: Prerequisites
SectionP.9: Modeling With Equations
Problem 51E
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