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
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)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.CR: Chapter Review
Problem 70E: A company manufactures two fertilizers, x and y. Each 50-pound bag of fertilizer requires three...
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