The weekly demand function for x units of a product sold by only one firm is p = 600 production and sale is C = 100 + 2x dollars. (a) Find the quantity that will maximize profit. - x dollars, and the average cost of units (b) Find the selling price at this optimal quantity. per unit 24 (c) What is the maximum profit? $4

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
icon
Related questions
Question
The weekly demand function for x units of a product sold by only one firm is p = 600
production and sale is C = 100 + 2x dollars.
(a) Find the quantity that will maximize profit.
- x dollars, and the average cost of
units
(b) Find the selling price at this optimal quantity.
per unit
24
(c) What is the maximum profit?
$4
Transcribed Image Text:The weekly demand function for x units of a product sold by only one firm is p = 600 production and sale is C = 100 + 2x dollars. (a) Find the quantity that will maximize profit. - x dollars, and the average cost of units (b) Find the selling price at this optimal quantity. per unit 24 (c) What is the maximum profit? $4
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 5 images

Blurred answer
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning