Drives Co. sells portable hard drives. They can sell 600 drives when the price is $65/drive, and they can sell 720 drives when the price is $35/drive. If x represents the number of drives sold, determine the following. (a) What is Drive Co.'s revenue function? R(x) = (b) What is the price per drive (in dollars) when revenue is maximized? $ (c) What is the maximum profit (in dollars) made from the sale of these drives if Drive Co. incurs production costs of $165 per drive and has fixed costs of $645? $
Drives Co. sells portable hard drives. They can sell 600 drives when the price is $65/drive, and they can sell 720 drives when the price is $35/drive. If x represents the number of drives sold, determine the following. (a) What is Drive Co.'s revenue function? R(x) = (b) What is the price per drive (in dollars) when revenue is maximized? $ (c) What is the maximum profit (in dollars) made from the sale of these drives if Drive Co. incurs production costs of $165 per drive and has fixed costs of $645? $
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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Question
Drives Co. sells portable hard drives. They can sell 600 drives when the price is $65/drive, and they can sell 720 drives when the price is $35/drive.
If x represents the number of drives sold, determine the following.
(a)
What is Drive Co.'s revenue function?
R(x) =
(b)
What is the price per drive (in dollars) when revenue is maximized?
$
(c)
What is the maximum profit (in dollars) made from the sale of these drives if Drive Co. incurs production costs of $165 per drive and has fixed costs of $645?
$
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