The following is a price demand function for a company that produces and sells themed T-shirts: p(x)=60-0.05x where p is the price in dollars at which exactly x T-shirts are sold. a. How many T-shirts should the company sell to maximize Revenue? b. What is the price per T-shirt that would lead to the maximum revenue? c. Given that the company's cost function is: C(x)=5x+3000, how many T-shirts should they sell to maximize profit?
The following is a price demand function for a company that produces and sells themed T-shirts: p(x)=60-0.05x where p is the price in dollars at which exactly x T-shirts are sold. a. How many T-shirts should the company sell to maximize Revenue? b. What is the price per T-shirt that would lead to the maximum revenue? c. Given that the company's cost function is: C(x)=5x+3000, how many T-shirts should they sell to maximize profit?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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The following is a price demand function for a company that produces and sells themed T-shirts: p(x)=60-0.05x where p is the price in dollars at which exactly x T-shirts are sold.
a. How many T-shirts should the company sell to maximize Revenue?
b. What is the price per T-shirt that would lead to the maximum revenue?
c. Given that the company's cost function is: C(x)=5x+3000, how many T-shirts should they sell to maximize profit?
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