calculus
posted by Anonymous .
Your manufacturing costs are C(x)= .0001x2+25x+1200 and the demand for X units of a certain commodity is p(x) =55 – x/1000. What is your maximum revenue and maximum profit?

you know about max/min and derivatives, right? what's the problem?
revenue is demand times price
profit is revenue minus cost
you have the formulas. use 'em.
Respond to this Question
Similar Questions

college algebra
Demand Equation: The price p, in dollars, and the quantity x sold of a certain product obey the demand equation x = 5p + 100, 0 (less than or equal to) p (less than or equal to) 20 a.) Express the revenue R as a funtion of x. b.) … 
Calculus
A manufacturer determines that the profit derived from selling x units of a certain item is given by: P = − 2x^2 +800x Find the marginal profit for a production of 20 units. Also, The demand function for a particular commodity … 
Trig
Dalco manufacturing estimate that its weakly profit, P, in hundreds of dollars,can be approximated by the formula P= 4x²+8x+7, where x is the number of units produced per week, in thousands. 1)How many units should the company produce … 
math
The monthly demand function for a product sold by a monopoly is p = 3750 − 1/3x^2 dollars, and the average cost is C = 1000 + 70x + 3x^2 dollars. Production is limited to 1000 units and x is in hundreds of units. (a) Find the … 
Calculus
The monthly demand function for a product sold by a monopoly is p = 3750 − 1/3x^2 dollars, and the average cost is C = 1000 + 70x + 3x^2 dollars. Production is limited to 1000 units and x is in hundreds of units. (a) Find the … 
Calculus
The monthly demand function for a product sold by a monopoly is p = 3750 − 1/3x^2 dollars, and the average cost is C = 1000 + 70x + 3x^2 dollars. Production is limited to 1000 units and x is in hundreds of units. (a) Find the … 
Calculus (Please check my work.)
This is my last chance to make at least a C in my AP Calculus course, so please tell me if I got these right or wrong so that I can fix them before it's due. Also, there was one I wasn't sure how to do, so if you can help me with that, … 
algebra
A marketing department estimates that demand for a product is given by P=1000.0001x, where P is price per unit and X is number of units. The cost C of producing x units is given by C=350,000+25x And the profit P for producing x units … 
Math
For xyz manufacturing the fixed costs are $1200, material and labor costs combined are $2 per unit, and the demand equation is: p=100/√q What level of output will maximize profit? 
Math
For xyz manufacturing the fixed costs are $1200, material and labor costs combined are $2 per unit, and the demand equation is: p=100/√q What level of output will maximize profit?