Tuesday
March 31, 2015

Homework Help: maximizing profit

Posted by Miranda on Saturday, March 14, 2009 at 5:00pm.

A manufacture has been selling 1750 television sets a week at $540 each. A market survey indicates that for each $14 rebate offered to a buyer, the number of sets sold will increase by 140 per week.

a) Find the function representing the demand p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price.
p(x)=-.1x+715

b) How large rebate should the company offer to a buyer, in order to maximize its revenue?
=182.5

c) If the weekly cost function is 157500 + 180 x, how should it set the size of the rebate to maximize its profit?



the answers to A and B are right but i don't know how to do part c, could someone explain how to find part c?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - A manufacture has been selling 1300 television sets a week at 450 each. A...
Pre-Calculus - A manufacture has been selling 1050 television sets a week at 360...
CALC AB - 1. For the given cost and demand functions, find the production level...
Public Finance - Suppose the marginal social cost of television sets is $100. ...
ALGEBRA - The profit made from the sale of tiles is found by subtracting the ...
calculus - 6.A manufacturer of DVD players has been selling 800 each week at 150...
Algebra - The profit made from the sale of tiles is found by subtracting the ...
Business Math - Being inventory of 12 sets of paints at a cost of $1.50 each. ...
maths - A factory was required to produce a crtain number of television in four ...
math - Marvin Company has a beginning inventory of 12 sets of paints at a cost ...

Members