Here are the price-demand equation, x = 8, 000 – 20p, and the cost function, C (x) = 98,000 + 70x. where æ is the number of saws that can be sold at a price of Sp per saw. a. How many tablets should be produced to obtain the maximum monthly profit? Answer: tablets b. What is the maximum monthly profit? Type your work step by step. Answer: $ c. How much should the company charge for the tablets? Answer: $
Here are the price-demand equation, x = 8, 000 – 20p, and the cost function, C (x) = 98,000 + 70x. where æ is the number of saws that can be sold at a price of Sp per saw. a. How many tablets should be produced to obtain the maximum monthly profit? Answer: tablets b. What is the maximum monthly profit? Type your work step by step. Answer: $ c. How much should the company charge for the tablets? Answer: $
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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Transcribed Image Text:Here are the price-demand equation,
x = 8, 000 – 20p, and the cost function,
C (x) = 98,000 + 70x, where æ is the
number of saws that can be sold at a price
of $p per saw.
a. How many tablets should be produced to
obtain the maximum monthly profit?
Answer:
tablets
b. What is the maximum monthly profit?
Type your work step by step.
Answer: $
c. How much should the company charge
for the tablets?
Answer: $
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