It costs the American Automobile Company $8,000 to produce each automobile, and fixed costs (rent and other expenses that do not depend on the amount of production) are $15,000 per week. The company’s price function is, p(x)=20,000-60x where p is the price at which exactly x cars will be sold. a) How many cars should be produced each week to maximize profit? b) For what price should they be sold? c) What is the company’s maximum profit

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Q: The demand and supply functions for your college newspaper are, q = -8,000p + 1,500 and q = 3,000p +…

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Q: Q.2. A company produces electric bulbs. One-time fixed costs for a specific bulb plant is $66000 and…

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Q: A manufacturer has been selling 1600 television sets a week at $390 each. A market survey indicates…

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Q: Assume that the relationship between price p and demand x is linear. Express p as a function of x…

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