Suppose that the price per unit in dollars of a cell phone production is modeled by p=60-0.0125z, where z is in thousands of phones produced, and the revenue represented by thousands of dollars is Rp. Find the production level that will maximize revenue. To maximize revenue, phones should be produced. (HINT: Remember that is in thousands of phones)

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Suppose that the price per unit in dollars of a cell phone production is modeled by p=60-0.0125z, where z is in thousands of phones produced, and
the revenue represented by thousands of dollars is R2 p. Find the production level that will maximize revenue.
To maximize revenue,
phones should be produced.
(HINT: Remember that is in thousands of phones.)
Transcribed Image Text:Suppose that the price per unit in dollars of a cell phone production is modeled by p=60-0.0125z, where z is in thousands of phones produced, and the revenue represented by thousands of dollars is R2 p. Find the production level that will maximize revenue. To maximize revenue, phones should be produced. (HINT: Remember that is in thousands of phones.)
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