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The Acme Widget Company has found that if widgets are priced at $ 232, then 24000 will be sold. They have also found that
The Acme Widget Company has found that if widgets are priced at $ 232, then 24000 will be sold. They have also found that for every increase of $11, there will be 900 fewer widgets sold. The marginal cost of widgets is $ 92.8. The fixed costs for the Acme Widget Company are $ 36000. If a represents the price of a widget find the following in terms of x: The number of widgets that will be sold: The revenue generated by the sale of widgets: The cost of producing just enough widgets to meet demand: The profit from selling widgets: Find the price that will maximize profits from the sale of
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