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Use the Sales information above to answer this question. How many thingamabobs should Yaster Inc. produce and sell in order to maximize revenue? thingamabobs. Round to the nearest thingamabob.

Use the Sales information above to answer this question. How many thingamabobs should Yaster Inc. produce and sell in order to maximize revenue? thingamabobs. Round to the nearest thingamabob.

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
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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Thingamabob Sales Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions: Price- p(x) = 57 1.14x demand function |C(x) = 215 + 11x Cost function Revenue R(x) = xp(x) = x(57 - 1.14x) function where x is in thousands of thingamabobs and C'(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one thingamabob when the demand is a thousand thingamabobs. All three functions have domain 1 ≤ x ≤ 50.
Transcribed Image Text:Thingamabob Sales Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions: Price- p(x) = 57 1.14x demand function |C(x) = 215 + 11x Cost function Revenue R(x) = xp(x) = x(57 - 1.14x) function where x is in thousands of thingamabobs and C'(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one thingamabob when the demand is a thousand thingamabobs. All three functions have domain 1 ≤ x ≤ 50.
Use the Sales information above to answer this question. How many thingamabobs should Yaster Inc. produce and sell in order to maximize revenue? thingamabobs. Round to the nearest thingamabob.
Transcribed Image Text:Use the Sales information above to answer this question. How many thingamabobs should Yaster Inc. produce and sell in order to maximize revenue? thingamabobs. Round to the nearest thingamabob.
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