Drives Co. sells portable hard drives. They can sell 600 drives when the price is $65/drive, and they can sell 720 drives when the price is $35/drive. If x represents the number of drives sold, determine the following. (a) What is Drive Co.'s revenue function? R(x) = (b) What is the price per drive (in dollars) when revenue is maximized? $ (c) What is the maximum profit (in dollars) made from the sale of these drives if Drive Co. incurs production costs of $165 per drive and has fixed costs of $645? $
Drives Co. sells portable hard drives. They can sell 600 drives when the price is $65/drive, and they can sell 720 drives when the price is $35/drive. If x represents the number of drives sold, determine the following. (a) What is Drive Co.'s revenue function? R(x) = (b) What is the price per drive (in dollars) when revenue is maximized? $ (c) What is the maximum profit (in dollars) made from the sale of these drives if Drive Co. incurs production costs of $165 per drive and has fixed costs of $645? $
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.CR: Chapter Review
Problem 16E: Digital cameras A company that produces and sells digital cameras has determined that the total...
Related questions
Question
Drives Co. sells portable hard drives. They can sell 600 drives when the price is $65/drive, and they can sell 720 drives when the price is $35/drive.
If x represents the number of drives sold, determine the following.
(a)
What is Drive Co.'s revenue function?
R(x) =
(b)
What is the price per drive (in dollars) when revenue is maximized?
$
(c)
What is the maximum profit (in dollars) made from the sale of these drives if Drive Co. incurs production costs of $165 per drive and has fixed costs of $645?
$
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Recommended textbooks for you
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage