Tuesday

October 21, 2014

October 21, 2014

Posted by **shila** on Tuesday, October 23, 2007 at 12:26am.

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 12:56amOkay...

x=the number of suits sold

price=150-0.5x

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)=(150-0.5x)(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**

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...

SAT - Suits at a local clothing store are discounted 20%. Despite the discount, ...

Economics - a firm in a purely competitive industry is currently producing a ...

Math - The firm currently uses 70,000 workers to produce 300,000 units of output...

Economics - The firm currently uses 70,000 workers to produce 300,000 units of ...

Econ MC - Two firms, A and B, each currently dump 50 tons of chemicals into the ...