Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show all work. Thx! A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x)=75,000+80x and p(x)=25020x,0x5000

image text in transcribed

Please show all work. Thx!

A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x)=75,000+80x and p(x)=25020x,0x5000 (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 $6 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

Students also viewed these Accounting questions