Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose a sunglass manufacturer determines the demand function for a certain line of sunglasses is given by p=50-(1/4000)x, where p is the price per pair

Suppose a sunglass manufacturer determines the demand function for a certain line of sunglasses is given by p=50-(1/4000)x, where p is the price per pair and x is the number of pairs sold.The fixed cost of producing a line of sunglasses is $25,000 and each pair of sunglassescosts$3tomake.Howmanysunglassesshouldbeproducedtomaximize profit?

a) 100,000 sunglasses

b) 87,000 sunglasses

c) 94,000 sunglasses

d) 200,000 sunglasses

e) 188,000 sunglasses

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

Continuous Pseudometrics

Authors: W W Comfort ,S Negrepontis

1st Edition

0824762940, 978-0824762940

More Books

Students also viewed these Mathematics questions

Question

To find integral of sin(logx) .

Answered: 1 week ago

Question

What is Centrifugation?

Answered: 1 week ago