A company manufactures and sells x cellphones per week. The weekly price-demand

Question

A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below p = 600-0.1x and C(x) = 20,000 + 140x What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue? The company should produce phones each week at price of $ (Round to the nearest cent The maximum weekly revenue is $ (Round to the nearest cent as needed.) What price should the company charge for the phones, and, how many phones should be produced to maximize the weekly profit? What is the maximum weekly profit? The company should produce phones each week at a price of $ (Round to the nearest cent as needed.)

Explanation / Answer

A.

p = 600 - 0.1x

p is the price per unit

revenue = quantity * price/unit

R(x) = revenue = p(x)*x = 600x - 0.1x

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