An Entrepreneur, creates "Virtual Reality Goggles (VRG)" at a cost $50.00 each. The fixed cost is $1200 per week. He estimates the price function to be ( p(x)), at which exactly (x) “VRGS" will be sold per week. . Find Cost Function (C(x)), and the Revenue Function (R(x) = x• p(x))? . Find Maximum Profit ( P(x)) value? Find the number of "VRGS" (x) that the Entrepreneur should produce? .Find the price ( p(x)) that should be charged to Maximize Profit? . Prove that the Profit equation is Maximized? Р(х) — 1500 - 5х

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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An Entrepreneur, creates "Virtual Reality Goggles (VRG)" at a cost $50.00
each. The fixed cost is $1200 per week.
He estimates the price function to be ( p(x)), at which exactly (x) “VRGS"
will be sold per week.
. Find Cost Function (C(x)), and the Revenue Function (R(x)
= x• p(x))?
. Find Maximum Profit ( P(x)) value?
Find the number of "VRGS" (x) that the Entrepreneur should produce?
.Find the price ( p(x)) that should be charged to Maximize Profit?
. Prove that the Profit equation is Maximized?
Р(х)
— 1500 - 5х
Transcribed Image Text:An Entrepreneur, creates "Virtual Reality Goggles (VRG)" at a cost $50.00 each. The fixed cost is $1200 per week. He estimates the price function to be ( p(x)), at which exactly (x) “VRGS" will be sold per week. . Find Cost Function (C(x)), and the Revenue Function (R(x) = x• p(x))? . Find Maximum Profit ( P(x)) value? Find the number of "VRGS" (x) that the Entrepreneur should produce? .Find the price ( p(x)) that should be charged to Maximize Profit? . Prove that the Profit equation is Maximized? Р(х) — 1500 - 5х
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