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Question 1. A company makes pens. The company has hired an UCF alumnus as CFO and he has to decide on the final price for the product. Internal studies of the company indicate that for a fixed price p, the company will sale S(p) = 10e¬P products per day. The cost for producing x pens is given by C(x) = 5000 + 20x. Which price should the UCF alumnus set for each pen? Keep in mind company's profit equals %3D price x (number of products sold) – (cost of production). (A) 20 (В) 21 (C) 22 (D) 10 (E) 3

Question 1. A company makes pens. The company has hired an UCF alumnus as CFO and he has to decide on the final price for the product. Internal studies of the company indicate that for a fixed price p, the company will sale S(p) = 10e¬P products per day. The cost for producing x pens is given by C(x) = 5000 + 20x. Which price should the UCF alumnus set for each pen? Keep in mind company's profit equals %3D price x (number of products sold) – (cost of production). (A) 20 (В) 21 (C) 22 (D) 10 (E) 3

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 3SC: In Example 3, if the accountant earns a profit of 100 on each individual return and a profit of 175...
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Question 1. A company makes pens. The company has hired an UCF alumnus as CFO and he has to decide on the final price for the product. Internal studies of the company indicate that for a fixed price p, the company will sale S(p) = 10e¬P products per day. The cost for producing x pens is given by C(x) = 5000 + 20x. Which price should the UCF alumnus set for each pen? Keep in mind company's profit equals %3D price x (number of products sold) – (cost of production). (A) 20 (В) 21 (C) 22 (D) 10 (E) 3
Transcribed Image Text:Question 1. A company makes pens. The company has hired an UCF alumnus as CFO and he has to decide on the final price for the product. Internal studies of the company indicate that for a fixed price p, the company will sale S(p) = 10e¬P products per day. The cost for producing x pens is given by C(x) = 5000 + 20x. Which price should the UCF alumnus set for each pen? Keep in mind company's profit equals %3D price x (number of products sold) – (cost of production). (A) 20 (В) 21 (C) 22 (D) 10 (E) 3
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