5. The following is a price demand function for a company that produces and sells themed p(x)= 60 – 0.05x, T-shirts: where p is the price in dollars at which exactly x T-shirts are sold. a. How many T-shirts should the company sell to maximize Revenue? b. What is the price per T-shirt that would lead to the maximum revenue? Given that the company's cost function is: C(*)= 5x + 3000 should they sell to maximize profit? , how many T-shirts c.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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5.
The following is a price demand function for a company that produces and sells themed
p(x)= 60 – 0.05x,
T-shirts:
where p is the price in dollars at which exactly x T-shirts are sold.
a.
How many T-shirts should the company sell to maximize Revenue?
b.
What is the price per T-shirt that would lead to the maximum revenue?
Given that the company's cost function is: C(*)= 5x + 3000
should they sell to maximize profit?
, how many T-shirts
c.
Transcribed Image Text:5. The following is a price demand function for a company that produces and sells themed p(x)= 60 – 0.05x, T-shirts: where p is the price in dollars at which exactly x T-shirts are sold. a. How many T-shirts should the company sell to maximize Revenue? b. What is the price per T-shirt that would lead to the maximum revenue? Given that the company's cost function is: C(*)= 5x + 3000 should they sell to maximize profit? , how many T-shirts c.
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