18) An appliance company determines that in order to sell x dishwashers, the price per dishwasher must be P = 660 -0.4x. It also determines that the total cost of producing x dishwashers is given by C(x) = 5000+ 0.6x². What is the maximum profit? A) $103,900 B) $108,900 C) $113,900 D) $212,800

18) An appliance company determines that in order to sell x dishwashers, the price per dishwasher must be P = 660 -0.4x. It also determines that the total cost of producing x dishwashers is given by C(x) = 5000+ 0.6x². What is the maximum profit? A) $103,900 B) $108,900 C) $113,900 D) $212,800

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 1MC

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Question

18) An appliance company determines that in order to sell x dishwashers, the price per dishwasher
must be
p=660-0.4x.
It also determines that the total cost of producing x dishwashers is given by
C(x) = 5000+ 0.6x².
What is the maximum profit?
A) $103,900
B) $108,900
C) $113,900
D) $212,800

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