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) = 250 (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 $4 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set? 0sx< 5000. 20

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) = 250 (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 $4 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set? 0sx< 5000. 20

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.CM: Cumulative Review Problem Set

Problem 114CM

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