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What is the maximum profit Jesaki Inc. can expect from widget sales? Round to the nearest dollar. Note: The profit may be negative, if Jesaki Inc. experiences a loss.

What is the maximum profit Jesaki Inc. can expect from widget sales? Round to the nearest dollar. Note: The profit may be negative, if Jesaki Inc. experiences a loss.

Advanced Engineering Mathematics
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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Use the Sales information above to answer this question. What is the maximum profit Jesaki Inc. can expect from widget sales? $ Round to the nearest dollar. Note: The profit may be negative, if Jesaki Inc. experiences a loss.
Transcribed Image Text:Use the Sales information above to answer this question. What is the maximum profit Jesaki Inc. can expect from widget sales? $ Round to the nearest dollar. Note: The profit may be negative, if Jesaki Inc. experiences a loss.
Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: p(x) = 60 1.20x Price- demand function Cost function C(x) = 210 + 12x R(x) = xp(x) = x(60 - 1.20x) where x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one widget when the demand is a thousand widgets. All three functions have domain 1 ≤ x ≤ 50. Revenue function
Transcribed Image Text:Widget Sales Jesaki Inc. is trying to enter the widget market. The research department established the following price-demand, cost, and revenue functions: p(x) = 60 1.20x Price- demand function Cost function C(x) = 210 + 12x R(x) = xp(x) = x(60 - 1.20x) where x is in thousands of widgets and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one widget when the demand is a thousand widgets. All three functions have domain 1 ≤ x ≤ 50. Revenue function
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