Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marginal Cost, Revenus, and Profit for Producing LED TVs The weekly demand for the Pulsar 25 color LED television is represented by p , where

Marginal Cost, Revenus, and Profit for Producing LED TVs The weekly demand for the Pulsar 25 color LED television is represented byp, wherepdenotes the wholesale unit price in dollars andxdenotes the quantity demanded.

p=6500.08x (0x12,000)

The weekly total cost function associated with manufacturing the Pulsar 25 is given byC(x), whereC(x) denotes the total cost (in dollars) incurred in producingxsets. Find the following functions (in dollars) and compute the following values.

C(x) =0.000005x30.05x2+400x+80,000

(a)Find the revenue functionR.R(x) =

650x0.08x^2 (This was correct answer)

Find the profit functionP.P(x) = ----------------------------------------------------

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Fundamental accounting principle

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st edition

1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587

Students also viewed these Mathematics questions