A company manufacturers and sells æ electric drills per month. The monthly cost and price-demand equations are C(x) = 64000 + 80a, p= 210 - , 0 Sa < 5000. (A) Find the production level that results in the maximum profit. Production Level = (B) Find the price that the company should charge for each drill in order to maximize profit. Price =

A company manufacturers and sells æ electric drills per month. The monthly cost and price-demand equations are C(x) = 64000 + 80a, p= 210 - , 0 Sa < 5000. (A) Find the production level that results in the maximum profit. Production Level = (B) Find the price that the company should charge for each drill in order to maximize profit. Price =

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter1: Equations And Graphs

Section: Chapter Questions

Problem 10CC

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Question

A company manufacturers and sells æ electric drills per month. The monthly cost and price-demand equations are
C(x) = 64000 + 80x,
p= 210 –
30 >
0 <x < 5000.
(A) Find the production level that results in the maximum profit.
Production Level =
(B) Find the price that the company should charge for each drill in order to maximize profit.
Price =

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