64 770
Assignments Done
99,3%
Successfully Done
In September 2018

Answer to Question #18727 in Calculus for hsd

Question #18727
A company manufacturers and sells x electric drills per month. The monthly cost and price-demand equations are
C(x)=69000+40x,

p=190−x30, 0≤x≤5000.

(A) Find the production level that results in the maximum revenue.
Production Level =

(B) Find the price that the company should charge for each drill in order to maximize profit.

Price =

(C) Suppose that a 5 dollar per drill tax is imposed. Determine the number of drills that should be produced and sold in order to maximize profit under these new circumstances.

Number of drills =
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

Assignment Expert
13.12.16, 12:44

Dear Sean, please use the panel for submitting new questions.

sean
13.12.16, 06:17

I have the same question only with C(x)=72,000+40x and p(x)=300-x/20, 0≤x≤6000
(A) Find the maximum revenue.
​(B) Find the maximum​ profit, the production level that will realize the maximum​ profit, and the price the company should charge for each television set.
​(C) If the government decides to tax the company ​$5 for each set it​ produces, how many sets should the company manufacture each month to maximize its​ profit? What is the maximum​ profit? What should the company charge for each​ set?

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions