Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A DSLR camera manufacturer assembles and sells x units of professional camera per month. The reveme, cost and price functions are given as below:
A DSLR camera manufacturer assembles and sells x units of professional camera per month. The reveme, cost and price functions are given as below: (b) (c) (d) (e) (f) Revenue: R(x) = 90,000x 0.2x Cost: C(x) = 40,000 + 30,000x Price p(x) = 90,000 - 0.2x Determine the maximum monthly reveme and the mmber of unmits of DSLR camera that should be sold to achieve the maximum monthly reveme. (5 marks) Find the price of each DSLR camera to be sold to achieve its maximum revere. (2 marks) Find the profit function (2 marks) Determine the maximm monthly profit and the member of units of DSLR camera that should be sold to achieve maximum monthly profit. (5 marks) (2 marks) (4 marks) [Total: 20 marks] Find the price of DSLR camera to be sold to achieve its maximum profit. Find the quantity of DSLR camera to be sold to break-even
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started