What is the expected profit if Yaster Inc. produces and sells 22,798 thingamabobs? $ Round to the nearest dollar. Note: The profit may be negative, if Yaster Inc. experiences a loss.
What is the expected profit if Yaster Inc. produces and sells 22,798 thingamabobs? $ Round to the nearest dollar. Note: The profit may be negative, if Yaster Inc. experiences a loss.
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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Question
xtra 66
Transcribed Image Text:Use the Sales information above to answer this question.
What is the expected profit if Yaster Inc. produces and sells 22,798
thingamabobs?
$
Round to the nearest dollar.
Note: The profit may be negative, if Yaster Inc. experiences a loss.
Transcribed Image Text:Thingamabob Sales
Yaster Inc. is trying to enter the thingamabob market. The research department
established the following price-demand, cost, and revenue functions:
Price-
p(x) = 57 1.14x
demand
function
|C(x) = 215 + 11x
Cost function
Revenue
R(x) = xp(x) = x(57 – 1.14x)
function
where x is in thousands of thingamabobs and C(x) and R(x) are in thousands
of dollars. The price p(x) is the price in dollars of one thingamabob when the
demand is a thousand thingamabobs. All three functions have domain
1≤ x ≤ 50.
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