A company manufactures and sells x cellphones per week. The weekly price-demand and cost equation...
14) Maximum revenue and profit. A company manufactures and sells x cameras per week weekly price-demand and cost equations are, respectively, (40 points) p=400-0.5x and C(x) =2,000 + 200x . The What price should the company charge for the cameras, and how many cameras should be produced to maximize the weekly revenue? What is the maximum revenue? b) a) What is the maximum weekly profit? How much should the company charge for the cameras and how many cameras should be...
A deli sells 960 sandwiches per day at a price of $8 each. (A) A market survey shows that for every $0.10 reduction in the price, 40 more sandwiches will be sold. How much should the deli charge in order to maximize revenue? The deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.) (B) A different market survey shows that for every $0.20 reduction in the original $8 price, 5 more sandwiches...
A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x) = 72,000 + 40x and p(x)= 300 - 500SX S 9000. (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 54 for each set it produces, how many sets should the company...
A restaurant sells x hamburger per week. Assume that the weekly cost and demand equations C(x) = 1.1x + 300 p(x) = 5 - 0.03x 0 ≤ x ≤ 1,000 Find the number of hamburgers that the restaurant should sell and the price that the restaurant should charge for each hamburger to maximize the profit.
The demand equation for your company's virtual reality video headsets is 2,000 where q is the total number of headsets that your company can sell in a week at a price of p dollars. The total manufacturing and shipping cost amounts to $130 per headset (a) Find the weekly cost, revenue and profit as a function of the demand q for headsets. C(4)- R(q) (b) How many headsets should your company sell to maximize profit? (Give your answer to the...
Please provide detail workflows. Sonic Sdn. Bhd. manufactures and sells x television sets per month. The monthly cost and price-demand equations are, C = 72,000 + 60x P = 200 OSX s 6,000 30 a) find x that maximize its total revenue and calculate the total revenue. (4 marks) b) If the government decides to tax the company $5 for each set it produces, i) how many sets should the company manufacture each month to maximize its profit? (4 marks)...
AmeriBabe manufactures and sells rubber baby buggy bumpers. The price-demand equation is: where p is the price (in dollars) at which z rubber baby buggy bumpers can be sold. a. What is the demand if the price is $2280? The demand isbumpers. p 2600-8x Preview b. The cost to produce x rubber baby buggy bumpers is given by C() 900680 and the new revenue function is R(z)(2600 8a) How many rubber baby buggy bumpers should be manufactured and sold to...
h Score: 10.33 of 13 pts Bus Econ 3.8.21 A company manufactures and sells x television sets per month The monthly cost and price demand equations are 74,000 + 70 and 300- 30 OSXS5000 (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 change for each television set (C) If the government decides to tax the company $5 for each produces, how many sets...
2. Suppose the demand function relating demand and price is given by pix)- 50-0.005x. The total cost of making x units is given by C )-0.00001 x3-0,033 x2+48x+5,000 a) Find the revenue function R(x). b) Find the profit function P(x). c) How many units must be made and sold to maximize profit? Verify that you have found the maximum using d) e) f) the first derivative test. What is the maximum profit? What are the marginal cost, marginal revenue and...
A company Inc. finds that it costs $200 to produce each motorized scooter and that the forced costs are $1,000 per day yielding the cost function C(x) = 200x + 1,000 The price is given by p=600 - 5x, where p is the price in dollars at which exactly x scooters will be sold. Find the quantity of scooters that the company Inc. should produce and the price it should charge to maximize profit. Find the maximum profit How many...