Question: P=500-0.5X AND C(X)=20000+130X

PLEASE CHECK MY WORK. Thank you.

A COMPANY MAKES AND SELLS X CELLPHONES PER WEEK. THE WEEKLY PRICE-DEMAND AND COST EQUATIONS ARE GIVEN BELOW.

(A) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the weekly revenue?

The company should produce [ 500 ] phones each week at a price of [$250].

the maximum weekly revenue is [$ 218,750.00 ]

(B) What should the company charge for the cellphones, and, how many phones should be produced to maximize weekely profit? What is the Max weekly profit?

The company should produce [ 370 ] phones each week at a price of [$315 ].

The maximium weekly profit is [ $48,765 ]