5) A company manufactures and sells x e-book readers per month. The monthly cost and price-demand equations are C(x) = 350x+40,000 a) Find the profit function b) Find the maximum monthly profit. How many readers should the p= 500-0.025x company manufacture and how much should charge for each reader to maximize its profit?

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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5) A company manufactures and sells x e-book readers per month. The
monthly cost and price-demand equations are
C(x) = 350x +40,000
p= 500-0.025x
a) Find the profit function
b) Find the maximum monthly profit. How many readers should the
company manufacture and how much should charge for each reader to
maximize its profit?
Transcribed Image Text:5) A company manufactures and sells x e-book readers per month. The monthly cost and price-demand equations are C(x) = 350x +40,000 p= 500-0.025x a) Find the profit function b) Find the maximum monthly profit. How many readers should the company manufacture and how much should charge for each reader to maximize its profit?
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