Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 An audio system manufacturer assembles and sells x units of specialized audio system per month. The revenue, cost and price functions are given

image text in transcribed

Question 4 An audio system manufacturer assembles and sells x units of specialized audio system per month. The revenue, cost and price functions are given as below: Revenue: R(x) = 8,000x - 0.2x2 Cost: C(x) = 200,000 + 80x Price : p(x) = 8,000 - 0.2x (a) Determine the maximum monthly revenue and the number of units of audio system that should be sold to achieve the maximum monthly revenue. (5 marks) (6) Find the price of each audio system to be sold to achieve its maximum revenue. (2 marks) (c) Find the profit function. (2 marks) (d) Determine the maximum monthly profit and the number of units of audio system that should be sold to achieve maximum monthly profit. (5 marks) (e) Find the price of each audio system to be sold to achieve its maximum profit. (2 marks) (1) Find the quantity of audio system to be sold to break-even. (4 marks)

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

Step: 3

blur-text-image

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

Fundamentals Of Financial Management

Authors: James C Van Horne

3rd Edition

0133393410, 978-0133393415

More Books

Students also viewed these Finance questions

Question

2. Do you agree that unions stifle creativity? Why or why not?

Answered: 1 week ago