Question
Maximizing Profits The weekly demand for the Pulsar 40-in. high-definition television is given by the demand equation p = 0.05 x + 675 (0 x
Maximizing ProfitsThe weekly demand for the Pulsar 40-in. high-definition television is given by the demand equation
p = 0.05x + 675 (0 x 12,000)
where p denotes the wholesale unit price in dollars and x denotes the quantity demanded. The weekly total cost function associated with manufacturing these sets is given by
C(x) = 0.000002x3 0.01x2 + 400x + 80,000
where C(x) denotes the total cost incurred in producing x sets. Find the level of production that will yield a maximum profit for the manufacturer. Hint: Use the quadratic formula. (Round your answer to the nearest whole number.)
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