6. It costs the American Automobile Company $8,000 to produce each automobile, and fixed costs (rent and other expenses that do not depend on the amount of production) are $15,000 per week. The company's price function is p(x) = 20,000 – 60x, where p is the price at which exactly x cars will be sold. a) How many cars should be produced each week to maximize profit? b) For what price should they be sold? c) What is the company's maximum profit?
6. It costs the American Automobile Company $8,000 to produce each automobile, and fixed costs (rent and other expenses that do not depend on the amount of production) are $15,000 per week. The company's price function is p(x) = 20,000 – 60x, where p is the price at which exactly x cars will be sold. a) How many cars should be produced each week to maximize profit? b) For what price should they be sold? c) What is the company's maximum profit?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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