Question
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) = ----------------------------------------------------
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