Suppose that the price per unit in dollars of a cell phone production is modeled by p=60-0.0125z, where z is in thousands of phones produced, andthe revenue represented by thousands of dollars is R2 p. Find the production level that will maximize revenue.To maximize revenue,phones should be produced.(HINT: Remember that is in thousands of phones.)

Given: the revenue function is R=x·px and px=60-0.0125x. To be find: the production level that will…

Suppose that the price per unit in dollars of a cell phone production is modeled by p=60-0.0125z, where z is in thousands of phones produced, and the revenue represented by thousands of dollars is Rp. Find the production level that will maximize revenue. To maximize revenue, phones should be produced. (HINT: Remember that is in thousands of phones)

Suppose that the price per unit in dollars of a cell phone production is modeled by p=60-0.0125z, where z is in thousands of phones produced, and the revenue represented by thousands of dollars is Rp. Find the production level that will maximize revenue. To maximize revenue, phones should be produced. (HINT: Remember that is in thousands of phones)

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

Section4.1: Quadratic Functions

Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...

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