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Maximizing Profits A manufacturer of tennis rackets finds that the total cost C ( x ) (in dollars) of manufacturing x rackets/day is given by
Maximizing Profits A manufacturer of tennis rackets finds that the total costC(x) (in dollars) of manufacturingxrackets/day is given by
C(x) =700+8x+0.0003x2.
Each racket can be sold at a price ofpdollars,wherepis related toxby the demand equation
p=120.0002x.
If all rackets that are manufactured can be sold, find the daily level of production that will yield a maximum profit for the manufacturer.Hint:The revenue is
R(x) =px,
and the profit is
P(x) =R(x)C(x).
rackets
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