The Acme Widget Company has found that if widgets are priced at $125, then 2700 will be sold each month. They have also found that for every increase of $18, there will be 100 fewer widgets sold each month. The cost to produce each widget is $25 plus the monthly fixed costs are $3800. Find the price that will maximize profits from the sale of widgets(round to the nearest cent) $4 At this price, what is the maximal monthly profit? (round to the nearest dollar) $4 How many widgets must be sold each month to earn the maximum profit? (round to the nearest whole number)

The Acme Widget Company has found that if widgets are priced at $125, then 2700 will be sold each month. They have also found that for every increase of $18, there will be 100 fewer widgets sold each month. The cost to produce each widget is $25 plus the monthly fixed costs are $3800. Find the price that will maximize profits from the sale of widgets(round to the nearest cent) $4 At this price, what is the maximal monthly profit? (round to the nearest dollar) $4 How many widgets must be sold each month to earn the maximum profit? (round to the nearest whole number)

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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