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 = 400 - 0.1x and C(x)

image text in transcribed
image text in transcribed
A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. p = 400 - 0.1x and C(x) = 25,000 + 140x (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 maximur 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 $2. (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_2

Step: 3

blur-text-image_3

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

College Mathematics For Business Economics, Life Sciences, And Social Sciences

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

14th Edition

0134674146, 978-0134674148

More Books

Students also viewed these Mathematics questions

Question

Explain the importance of marketing to small businesses.

Answered: 1 week ago