2) A retailer is selling HDMI cables with ethernet and 3D support. It can sell 180 every month at a unit price of $14.00. For each $4.00 increase in price, it sells 20 fewer cables. Suppose the cost function is C(x) = 1000+ 8x. Find the production level so that the profit maximized.
2) A retailer is selling HDMI cables with ethernet and 3D support. It can sell 180 every month at a unit price of $14.00. For each $4.00 increase in price, it sells 20 fewer cables. Suppose the cost function is C(x) = 1000+ 8x. Find the production level so that the profit maximized.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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