Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a refrigerator manufacturer can sell refrigerators of a particular type that he can produce. the total cost () of producing x refrigerators per week is

a refrigerator manufacturer can sell refrigerators of a particular type that he can produce. the total cost () of producing x refrigerators per week is given by 300x+2000. the demand function () is estimated as 500-2x.

(a) derive the revenue function R. (b) obtain the total profit function. (c) how many units per week should be produced in order to maximize profit?

(d) Show that the solution of the equation dR/dx = dc/dx where crepresents the cost function, gives the same value for x as in part c.

(e) what is the maximum profit available

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

Essentials Of College Algebra

Authors: Margaret L Lial, John E Hornsby, David I Schneider, Teresa McGinnis

10th Edition

0321970632, 9780321970633

More Books

Students also viewed these Mathematics questions

Question

=+2. Define mindfulness meditation and lovingkindness meditation.

Answered: 1 week ago