The monthly revenue R achieved by selling x wristwatches is figured to be R(x) = 75x
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The monthly revenue R achieved by selling x wristwatches is figured to be R(x) = 75x – 0.2x2.The monthly cost C of selling x wristwatches is C(x) = 32x + 1750.
(a) How many wristwatches must the firm sell to maximize revenue? What is the maximum revenue?
(b) Profit is given as P(x) = R(x) – C(x). What is the profit function?
(c) How many wristwatches must the firm sell to maximize profit? What is the maximum profit?
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a Rx 75x 02x 2 a 02 b 75 c 0 The maximum revenue o...View the full answer
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