Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1946-3x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= (b) Find the maximum revenue. (Round your answer to the nearest cent.) (c) Form the profit function P(x) from the cost and revenue functions. P(x)= Find maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.)
Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1946-3x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= (b) Find the maximum revenue. (Round your answer to the nearest cent.) (c) Form the profit function P(x) from the cost and revenue functions. P(x)= Find maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.)
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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![Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is
1946 - 3x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x=
(b) Find the maximum revenue. (Round your answer to the nearest cent.)
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
Find maximum profit.
(d) What price will maximize the profit? (Round your answer to the nearest cent.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F05e8460a-bd66-4b81-b54b-9735c35490d8%2F06ca1329-71c5-4a95-ac1f-15084624457c%2F545xyow_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is
1946 - 3x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x=
(b) Find the maximum revenue. (Round your answer to the nearest cent.)
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
Find maximum profit.
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
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