Question 9 A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are givenbelow.p= 400 – 0.5x and C(x) = 20,000 + 130x%3D(A) What price should the company charge for the phones, and how many phones should be produced to maximizethe weekly revenue? What is the maximum weekly revenue?Thecompanyshould producephones each week at a price of $(Round to the nearest cent as needed.)The maximum weekly revenue is $(Round to the nearest cent as needed.)(B) What price should the company charge for the phones, and how many phones should be produced to maximizethe weekly profit? What is the maximum weekly profit?The company should producephones each week at a price of $(Round to the nearest cent as needed.)The maximum weekly profit is $ . (Round to the nearest cent as needed.)

(A) Demand equation p = 400 - 0.5x Revenue function: Revenue = Price * Quantity R = px => R =…

A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. p= 400 – 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 $

A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. p= 400 – 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 $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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