SHOW ALL YOUR WORK AND WRITE DOWN VERY NEATLY 2. The revenue R, in thousands of dollars, from producing and selling σ hundred LCD TVs is given by R(a)--5z? + 35a2 + 155z for 0 < π < 10.07 a. Us...
2. The revenue R, in thousands of dollars, from producing and selling σ hundred LCD TVs is given by R(a)--5z? + 35a2 + 155z for 0 < π < 10.07 a. Use a graphing utility to graph y - R(r) and determine the number of TVs which should be sold to maximize revenue. What is the maximum revenue? Why does this amount produce maximum revenue? b. Assume that the cost, in thousands of dollars, to produce z hundred LCD TVs is given by C(z) 200z + 25 for z-0. Find and simplify an expression for the profit function P(a). Remember: Profit Revenue Cost c. Use a graphing utility to graph y - P(z) and determine the number of TVs which should be sold to maximize profit. What is the maximum profit? Why is the max profit different from the max revenue?
2. The revenue R, in thousands of dollars, from producing and selling σ hundred LCD TVs is given by R(a)--5z? + 35a2 + 155z for 0