Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Drives Co. sells portable hard drives. They can sell 800 drives when the price is $65/drive, and they can sell 920 drives when the

image text in transcribed

Drives Co. sells portable hard drives. They can sell 800 drives when the price is $65/drive, and they can sell 920 drives when the price is $35/drive. If x represents the number of drives sold, determine the following. (a) What is Drive Co.'s revenue function? R(x) = (b) What is the price per drive (in dollars) when revenue is maximized? $ (c) What is the maximum profit (in dollars) made from the sale of these drives if Drive Co. incurs production costs of $205 per drive and has fixed costs of $695? $

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

Spreadsheet Modeling And Decision Analysis A Practical Introduction To Business Analytics

Authors: Cliff Ragsdale

9th Edition

0357132092, 978-0357132098

More Books

Students also viewed these Mathematics questions

Question

Use lHpitals rule to find the limit. 31 + 3 43 14t - t + 3 lim

Answered: 1 week ago