Question
MISSING LETTER D Suppose a company has fixed costs of $24,000 and variable cost per unit of 1/3 x + 444 dollars, where x
MISSING LETTER D
Suppose a company has fixed costs of $24,000 and variable cost per unit of 1/3 x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is
1468 − 2/3 x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x = 24,1000
Well done.
(b) Find the maximum revenue. (Round your answer to the nearest cent.)
$808134 Well done.
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) = 1024x−x2−24,000
Very nice!
Find maximum profit.
$238144 Fantastic work!
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
$
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