Suppose that the price per unit in dollars of a cell phone production is modeled by p = $75 − 0.0125x, where x is in thousands of phones produced, and the revenue represented by thousands of dollars is R = x · p. Find the production level that will maximize revenue.
Suppose that the price per unit in dollars of a cell phone production is modeled by p = $75 − 0.0125x, where x is in thousands of phones produced, and the revenue represented by thousands of dollars is R = x · p. Find the production level that will maximize revenue.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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Suppose that the price per unit in dollars of a cell phone production is modeled by p = $75 − 0.0125x, where x is in thousands of phones produced, and the revenue represented by thousands of dollars is R = x · p. Find the production level that will maximize revenue.
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