A company manufactures and sells x digital cameras per week. The weekly price-demand and cost equations are,
Question:
p=400 - 0.4x and C(x)=2,000 + 160x
(A)What price should the company charge for the cameras, and how many cameras should be produced to maximize the weekly revenue? What is the maximum revenue?
(B)What is the maximum weekly profit? How much should the company charge for the cameras, and how many cameras should be produced to realize the maximum weekly profit?
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A Revenue Rx x px x400 04x 400x 04x 2 Rx 400 08x 0 implies x ...View the full answer
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Related Book For 
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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