p=500 – 0.5x and C(x) = 15,000 + 130x .... (A) What price should the company charge for the phones, and how many phones should be produced to maximize the we weekly revenue? The company should produce phones each week at a price of S (Round to the nearest cent as needed.) The maximum weekly revenue is $ (Round to the nearest cent as needed.) (B) What price should the company charge for the phones, and how many phones should be produced to maximize the wee profit? The company should produce (Round to the nearest cent as needed.) phones each week at a price of $ The maximum weekly profit is $ (Round to the nearest cent as needed.)
p=500 – 0.5x and C(x) = 15,000 + 130x .... (A) What price should the company charge for the phones, and how many phones should be produced to maximize the we weekly revenue? The company should produce phones each week at a price of S (Round to the nearest cent as needed.) The maximum weekly revenue is $ (Round to the nearest cent as needed.) (B) What price should the company charge for the phones, and how many phones should be produced to maximize the wee profit? The company should produce (Round to the nearest cent as needed.) phones each week at a price of $ The maximum weekly profit is $ (Round to the nearest cent as needed.)
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.CR: Review Problem Set
Problem 37CR
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Transcribed Image Text:A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below.
p = 500 – 0.5x and C(x) = 15,000 + 130x
(A) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum
weekly revenue?
The company should produce phones each week at a price of S .
(Round to the nearest cent as needed.)
The maximum weekly revenue is $
(Round to the nearest cent as needed.)
(B) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly profit? What is the maximum weekly
profit?
The company should produce
(Round to the nearest cent as needed.)
phones each week at a price of $
The maximum weekly profit is $
(Round to the nearest cent as needed.)
ces
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