Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. p=4000.5xandC(x)=15,000+135x (A) What price should the company

image text in transcribed
A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. p=4000.5xandC(x)=15,000+135x (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? 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.) A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. p=4000.5xandC(x)=15,000+135x (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? 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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Risk In The Operation Of EDF Financed Projects

Authors: Koffi Rufin Kouame

1st Edition

6205912651, 978-6205912652

More Books

Students also viewed these Accounting questions

Question

Find each product. (y + 6) 2

Answered: 1 week ago

Question

Determine miller indices of plane A Z a/2 X a/2 a/2 Y

Answered: 1 week ago

Question

4. Are there any disadvantages?

Answered: 1 week ago

Question

3. What are the main benefits of using more information technology?

Answered: 1 week ago

Question

start to review and develop your employability skills

Answered: 1 week ago