A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. p=400−0.5x and C(x)=20,000+130x 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 cellphones per week. The weekly price-demand and cost equations are given below. p=400−0.5x and C(x)=20,000+130x 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?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter7: Systems Of Equations And Inequalities

Section7.1: Systems Of Linear Equations: Two Variables

Problem 2SE: If you are performing a break-even analysis for a business and their cost and revenue equations are...

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