Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help sovle parts A-C. thanks Homework: Section 4.6 Optimization (5) Part 1 of 3 Question 2 Score: 0 of 1 point A company manufactures

image text in transcribedPlease help sovle parts A-C. thanks

Homework: Section 4.6 Optimization (5) Part 1 of 3 Question 2 Score: 0 of 1 point A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x) = 72,000 + 80x and p(x) = 250 - Osxs 5000 20 (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company S5 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set? (A) The maximum revenue is $ (Type an integer or a decimal.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T Horngren

5th Edition

0131796712, 978-0131796713

More Books

Students also viewed these Accounting questions

Question

2. Does your tone of voice vary with different students?

Answered: 1 week ago

Question

=+a. Write two different, but related, headlines.

Answered: 1 week ago