Math Problem Statement

company manufactures and sells x cellphones per week. The weekly​ price-demand and cost equations are given below. p equals 600 minus 0.1 x and Upper C left parenthesis x right parenthesis equals 15 comma 000 plus 135 x Question content area bottom Part 1 ​(A) 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

3000 phones each week at a price of ​$

​(Round to the nearest cent as​ needed.) Part 2 The maximum weekly revenue is ​$

  1. ​(Round to the nearest cent as​ needed.) Part 3 ​(B) 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

2325 phones each week at a price of ​$

367.50. ​(Round to the nearest cent as​ needed.) Part 4 The maximum weekly profit is ​$

84562.50. ​(Round to the nearest cent as​ needed.)

Solution

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Math Problem Analysis

Mathematical Concepts

Optimization
Revenue Maximization
Profit Maximization

Formulas

Price-demand equation
Cost equation

Theorems

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Suitable Grade Level

College