A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. p=600-0.5x and C(x) = 20,000 + 130x (A) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue? The company should produce phones each week at a price of $ (Round to the nearest cent as needed.)
A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. p=600-0.5x and C(x) = 20,000 + 130x (A) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue? The company should produce phones each week at a price of $ (Round to the nearest cent as needed.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below.
p = 600 -0.5x and C(x) = 20,000 + 130x
(A) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue?
What is the maximum weekly revenue?
The company should produce phones each week at a price of $
(Round to the nearest cent as needed.)
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Transcribed Image Text:(B) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly profit? What
is the maximum weekly profit?
phones each week at a price of $
The company should produce
(Round to the nearest cent as needed.)
Solution
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