Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

here is the question . please i dont want hand write . because sometimes its not clear and i can underdstand it . if you

image text in transcribed

here is the question . please i dont want hand write . because sometimes its not clear and i can underdstand it . if you can slove on computer not papper

image text in transcribed
21. Maximum revenue and profit. A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x) = 72,000 + 60x p = 200 - X 30 0 5 x 6,000 (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company $5 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set

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

Understanding Analysis

Authors: Stephen Abbott

1st Edition

6610189684, 9786610189687

More Books

Students also viewed these Mathematics questions