A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x)=74,000 + 80x and p(x)=300-0≤x≤6000. 20 (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set (C) If the government decides to tax the company $6 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What st company charge for each set? (A) The maximum revenue is $ (Type an integer or a decimal.)
A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x)=74,000 + 80x and p(x)=300-0≤x≤6000. 20 (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set (C) If the government decides to tax the company $6 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What st company charge for each set? (A) The maximum revenue is $ (Type an integer or a decimal.)
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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Transcribed Image Text:A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x)=74,000 + 80x and p(x)=300-0≤x≤6000.
20
(A) Find the maximum revenue.
(B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set
(C) If the government decides to tax the company $6 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What st
company charge for each set?
(A) The maximum revenue is $
(Type an integer or a decimal.)
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