Question
Suppose a company has fixed costs of $2400 and variable costs per unit of 15/16 x...
Suppose a company has fixed costs of $2400 and variable costs per unit of 15/16 x + 1700 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1800 − 1/16 x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
(b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions.
Find the maximum profit.
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
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