Posted by shila on Tuesday, October 23, 2007 at 12:26am.
A clothing firm determines that in order to sell x suits, the price per suit must be p = 150  0.5x. It also determines that the total cost of producing x suits is given by C(x) = 4000 + 0.25x^2.
a. Find the total revenue R(x).
b. Find the total profit P(x).
c. How many suits must the company produce and sell in order to maximize profit?
d. What is the maximum profit?
e. What price per suit must be charged in order to make this maximum profit?

maths  qqqqq, Sunday, September 7, 2008 at 12:56am
Okay...
x=the number of suits sold
price=1500.5x
cost=C(x)=4000+0.25x^2
a) Revenue is the total money made which is just the price times the number of suits sold, hence:
R(x)=(1500.5x)(x)
b) Profit is the amount of money made or revenue minus the cost, hence:
P(x)=R(x)C(x)
Answer This Question
Related Questions
 Basic math for science  A sportswear manufacture determines that the marginal ...
 SAT  Suits at a local clothing store are discounted 20%. Despite the discount, ...
 help...urgent..calculus  Sony Ent. is marketing a new smartphone. It determines...
 calculus  . Sony Ent. is marketing a new smartphone. It determines that in ...
 help...urgent..calculus..please show tthe way to s  Sony Ent. is marketing a ...
 math  can someone show me how to solve this problem. It determines that in ...
 economics  what circular flow the the following fall into 1)You receive $15,000...
 Math  A local men's suit manufacturer had 2,742 square meters of fabric to make...
 math 6th grade  Using Multiplication to solve equations: 9y5 had to iron space...
 math  Juan sells suits in a major department store on weekends.He earns a ...
More Related Questions