A firm determines that in order to sell x flat screen TVs, the price per TV, in dollars, must be p(x)=201−x. The firm also determines that the total cost of producing x TVs is given by C(x)=500+x. a) Find the total revenue when x=50. R(50)=$Answer b) Find the total profit when x=50. P(50)=$Answer c) How many TVs must the company produce and sell in order to maximize profit? x^max= d) What is the maximum profit? P(x^max)=$
A firm determines that in order to sell x flat screen TVs, the price per TV, in dollars, must be p(x)=201−x. The firm also determines that the total cost of producing x TVs is given by C(x)=500+x. a) Find the total revenue when x=50. R(50)=$Answer b) Find the total profit when x=50. P(50)=$Answer c) How many TVs must the company produce and sell in order to maximize profit? x^max= d) What is the maximum profit? P(x^max)=$
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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A firm determines that in order to sell x flat screen TVs, the price per TV, in dollars, must be p(x)=201−x.
The firm also determines that the total cost of producing x TVs is given by C(x)=500+x.
a) Find the total revenue when x=50. R(50)=$Answer
b) Find the total profit when x=50. P(50)=$Answer
c) How many TVs must the company produce and sell in order to maximize profit? x^max=
d) What is the maximum profit? P(x^max)=$
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