Question
A company has started selling a budget VR device at the price of p = 350 0.05x dollars where x is the number of VR
A company has started selling a budget VR device at the price of p = 350 0.05x dollars where x is the number of VR devices manufactured per day. The parts cost $50 per device they make and the manufacturer has fixed costs (labor and overhead) of $6000 per day. How many VR devices should the company manufacture and sell per day to maximize profit? What is the maximum profit in this case? (4 points extra credit) Hints: Remember revenue = price quantity and profit = revenue - cost. Be sure you are taking into account all of the costs of this manufacturing process.
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