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  3. 3) a company manufactures and sells x cellphones p

3) A company manufactures and sells x cellphones per week. The weekly cost and price-demand equations...

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Basic Math

3) A company manufactures and sells x cellphones per week. Theweekly cost and price-demand equations are

Cx=5,000+84x

p(x)=300-0.2x

a) What price should the companycharge for the phones, and how many phones should be produced tomaximize weekly revenue? What is the maximum revenue?

b) What is the maximum weekly profit?How much should the company charge for the phones, and how manyphones should be produced to realize the maximum weekly profit?

Answer & Explanation Solved by verified expert
4.3 Ratings (1114 Votes)
Solution Given Cost and price demand equations area Revenue functionFor maximum revenue we differentiate    See Answer
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