A company manufactures and sells x smartphones per week. The weekly pricedemand and cost equations are, respectively,
Question:
A company manufactures and sells x smartphones per week. The weekly price–demand and cost equations are, respectively,
p = 500 - 0.4x and C(x) = 20,000 + 20x
(A) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue?
(B) What is the maximum weekly profit? How much should the company charge for the phones, and how many phones should be produced to realize the maximum weekly profit?
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Solution A p 500 04x 400 06x x 400 06p p 800 06p Price 800 06p p ...View the full answer
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Related Book For 
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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