The demand function for small high-definition televisions is given by p = 7,000-55x, where p is the price, in dollars, that x televisions can be sold. The cost function (in dollars) to produce televisions is C = 1,500x + 5,000. (Simplify your answers completely.) (a) Find the revenue function, R. R = (b) Find the profit function, P. P = (c) Find how many televisions should be sold to maximize profit. televisions (d) What is the maximum profit (in dollars)? $

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
100%
Please help with this advance math question!
R =
The demand function for small high-definition televisions is given by p= 7,000-55x, where p is the price, in dollars, that x televisions can be sold. The cost function (in dollars) to produce televisions
is C = 1,500x + 5,000. (Simplify your answers completely.)
(a) Find the revenue function, R.
(b) Find the profit function, P.
P =
(c) Find how many televisions should be sold to maximize profit.
televisions
ASK YOUR TEACHER
(d) What is the maximum profit (in dollars)?
PRACTICE ANOTHER
Transcribed Image Text:R = The demand function for small high-definition televisions is given by p= 7,000-55x, where p is the price, in dollars, that x televisions can be sold. The cost function (in dollars) to produce televisions is C = 1,500x + 5,000. (Simplify your answers completely.) (a) Find the revenue function, R. (b) Find the profit function, P. P = (c) Find how many televisions should be sold to maximize profit. televisions ASK YOUR TEACHER (d) What is the maximum profit (in dollars)? PRACTICE ANOTHER
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,