College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 5ECP
icon
Related questions
Question
A company produces computers. The demand equation for this computer is given by
p(q)=−5q+6500.
If the company has fixed costs of
​$4000
in a given​ month, and the variable costs are
​$520
per​ computer, what price should be charged in order to maximize​ profit?
 
The price would be
​$enter your response here
 
per item.
​(Make sure to round to two decimal​ places.)
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning