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need help to solve , please see attached The quantity demanded each month of the Walter Serkin recording of Beethoven's Moonght Sonata, produced by Phonola
need help to solve , please see attached
The quantity demanded each month of the Walter Serkin recording of Beethoven's Moonght Sonata, produced by Phonola Media, is related to the price per compact disc. The equation p = 70.00055)! + 9 (o 5 x 5 12,000) where p denotes the unit price in dollars and x is the number of discs demanded, relates the demand to the price. The total monthly cost (in dollars) for pressing and packaging X copies of this classical recording is given by C(x) = 500 + 2x 0.00004x2 (0 g x 5 20,000). Hint: The revenue is R[x) = px, and the prot is P[)r) = R(x) C(x). Find the revenue function, R(x) : px. R(x} : Find the prot function, P(x} = R(x) 7 C(x). PM = Find the derivative oi' the prot function, P[X). P'(X] = Find the critical number of the function MIX}. (Round your answer to the nearest whole number.) To maximize its prots, how many copies should Phonola produce each month? (Round your answer to the nearest whole number.) |:| tho-tonthnn Maximizing Revenue The quantity demanded each month of the Sicard sports watch is related to the unit price by the equation 60 p: [USXSECU 0.0m2 + 1 where p is measured in doliars and x is measured in units of a thousand. To yield a maximum revenue, how many watches must be sold? (Round your answer to the nearest whole number.)Step by Step Solution
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