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