Question
A company manufactures and sells x cellphones per week. Th wee price-demand and cost equations are are given below. p= 600 - 0 5x and
A company manufactures and sells x cellphones per week. Th wee price-demand and cost equations are are given below.
p= 600 - 0 5x and C(x)= 20,000 + 130x
(A) What price should the company charge for the phones. and how man phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue?
The company should produce____ phones each week at a price of $______.
(Round to the nearest cent as needed.)
The maximum weekly revenue is _______ $. (Round to the nearest cent as needed.)
(B) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly profit? What is the maximum weekly __ profit?
The company should produce phones_____ each week at a price of $ _____
(Round to the nearest cent as needed.)
The maximum weekly profit is $_____ (Round to the nearest cent as needed.)
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