Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company manutactures and sells x cellphones per week. The weekly pricedemand and cost equations are given below. p = 600 - 0.5x and C(x)

image text in transcribed
image text in transcribed
A company manutactures and sells x cellphones per week. The weekly pricedemand and cost equations are given below. p = 600 - 0.5x and C(x) = 15,000 + 140x E) (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 '1 phones each week at a price of $D. (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 prot? The company should produce '1 phones each week at a price of $D. (Round to the nearest cent as needed.) The maximum weekly prot is $El. (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

Contemporary Precalculus A Graphing Approach

Authors: Thomas W Hungerford, Carol C Kanar, Douglas J Shaw

5th Edition

1111798508, 9781111798505

More Books

Students also viewed these Mathematics questions

Question

Define the advantages and disadvantages of new media marketing.

Answered: 1 week ago

Question

Identify the six key principles of new media marketing.

Answered: 1 week ago