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Maximizing ProfitsThe weekly demand for DVDs manufactured by a certain media corporation is given by p =0.0005 x 2 +40 where p denotes the unit
Maximizing ProfitsThe weekly demand for DVDs manufactured by a certain media corporation is given by
p=0.0005x2+40
wherepdenotes the unit price in dollars andxdenotes the quantity demanded. The weekly total cost function associated with producing these discs is given by
C(x) =0.002x2+14x+3000
whereC(x) denotes the total cost (in dollars) incurred in pressingxdiscs. Find the production level that will yield a maximum profit for the manufacturer.Hint:Use the quadratic formula. (Round your answer to the nearest integer.)
x = _____ DVDS
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