A company manufactures and sells x smartphones per week. The weekly price-demand and cost equations are, respectively, p = 500 -0.5x and C(x) = 20,000 + 135x (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? Answer: the company should charge $ revenue. The maximum weekly revenue will be $ for the phones, and should produce Answer: The maximum weekly profit will be $ produce (B) What is the maximum weekly profit? How much should the company charge for the phones, and how many phones should be produced to realize the maximum weekly profit? The company should charge $ phones to maximize the weekly phones to maximize the weekly profit. for the phones, and should

College Algebra (MindTap Course List)
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Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
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A company manufactures and sells x smartphones per week. The weekly price-demand and cost equations are, respectively,
p = 500 -0.5x and C(x) = 20,000 + 135x
(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?
Answer: the company should charge $
revenue. The maximum weekly revenue will be $
for the phones, and should produce
Answer: The maximum weekly profit will be $
produce
(B) What is the maximum weekly profit? How much should the company charge for the phones, and how many phones should be
produced to realize the maximum weekly profit?
The company should charge $
phones to maximize the weekly
phones to maximize the weekly profit.
for the phones, and should
Transcribed Image Text:A company manufactures and sells x smartphones per week. The weekly price-demand and cost equations are, respectively, p = 500 -0.5x and C(x) = 20,000 + 135x (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? Answer: the company should charge $ revenue. The maximum weekly revenue will be $ for the phones, and should produce Answer: The maximum weekly profit will be $ produce (B) What is the maximum weekly profit? How much should the company charge for the phones, and how many phones should be produced to realize the maximum weekly profit? The company should charge $ phones to maximize the weekly phones to maximize the weekly profit. for the phones, and should
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