A company manufactures and sells x cell phones per week. The weekly price- demand and cost equations are given below. P=400-0.5x and c(x)=25000+140x (A) what price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue? (B) what price should the company charge for the phones, and how many phones should be produced to maximize the weekly profit? What is the maximum weekly profit?
A company manufactures and sells x cell phones per week. The weekly price- demand and cost equations are given below. P=400-0.5x and c(x)=25000+140x (A) what price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue? (B) what price should the company charge for the phones, and how many phones should be produced to maximize the weekly profit? What is the maximum weekly 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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A company manufactures and sells x cell phones per week. The weekly price- demand and cost equations are given below.
P=400-0.5x and c(x)=25000+140x
(A) what price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue?
(B) what price should the company charge for the phones, and how many phones should be produced to maximize the weekly profit? What is the maximum weekly profit?
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