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se the Sales information above to answer this question. he value x = 42.538 should be used in the cost model to stimate the cost of producing how many widgets?

se the Sales information above to answer this question. he value x = 42.538 should be used in the cost model to stimate the cost of producing how many widgets?

Advanced Engineering Mathematics
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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Use the Sales information above to answer this question. The value x = 42.538 should be used in the cost model to estimate the cost of producing how many widgets? widgets. Round to the nearest widget.
Transcribed Image Text:Use the Sales information above to answer this question. The value x = 42.538 should be used in the cost model to estimate the cost of producing how many widgets? widgets. Round to the nearest widget.
Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: Price- p(x) = 60 - 1.20x demand function Cost |C(x) = 210 + 12x function Revenue R(x) = xp(x) = x(60 - 1.20x) function where x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one widget when the demand is â thousand widgets. All three functions have domain 1 ≤ x ≤ 50.
Transcribed Image Text:Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: Price- p(x) = 60 - 1.20x demand function Cost |C(x) = 210 + 12x function Revenue R(x) = xp(x) = x(60 - 1.20x) function where x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one widget when the demand is â thousand widgets. All three functions have domain 1 ≤ x ≤ 50.
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