Question

Silver Scooter Inc. finds that it costs $300 to produce each motorized scooter and that the...

Silver Scooter Inc. finds that it costs $300 to produce each motorized scooter and that the fixed costs are $1,000. The price is given by p=800?x, where p is the price in dollars at which exactly x scooters will be sold. Find the quantity of scooters that the company should produce and the price it should charge to maximize profit. Find the maximum profit.

Math   Algebra   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
silver scooter inc. finds that it costs$ 100 to produce each motorized scooter and that the...
silver scooter inc. finds that it costs$ 100 to produce each motorized scooter and that the fixed costs are $750. the price is given byp equals 600 minus x commap=600−x, where p is the price in dollars at which exactly x scooters will be sold. find the quantity of scooters that the company should produce and the price it should charge to maximize profit. find the maximum profit.
1. t To get full credit for this question make sure you verify that your answer...
1. t To get full credit for this question make sure you verify that your answer is indeed the absolute maximum. Country Motorbikes Incorporated finds that it costs $200 to produce each motorbike, and that fixed costs are $1500 per day. The price function is p(x) = 600 − 5x, where p is the price (in dollars) at which exactly x motorbikes will be sold. Find the quantity Country Motorbikes should produce and the price it should charge to maximize...
retired potter can produce pitchers at a cost of $5 each. He estimates his price function...
retired potter can produce pitchers at a cost of $5 each. He estimates his price function to be p = 19 − 0.5x, where p is the price at which exactly x pitchers will be sold per week. Find the number of pitchers that he should produce and the price that he should charge in order to maximize profit. Also find the maximum profit. quantity     pitchers price $ profit $
The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is p = 800 − 1 /2 x dollars, and the average cost of production and sale is C = 300 + 2x dollars. (a) Find the quantity that will maximize profit_____ units (b) Find the selling price at this optimal quantity. $_____ per unit (c) What is the maximum profit?________
It costs a restaurant owner $4.80 per plate to produce the dinner special and fixed costs...
It costs a restaurant owner $4.80 per plate to produce the dinner special and fixed costs are $80. The restaurant’s price function is ? = −0.08? + 45.6 Where ? is the price at which ? plates of the dinner special will be sold. Find the price and quantity of dinner specials sold that will maximize profit.
The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is p = 300 − 1 2 x dollars, and the average cost of production and sale is C = 200 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. $  per unit (c) What is the maximum profit?
The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is p = 600 −1/2x dollars , and the average cost of production and sale is C = 300 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. $ per unit (c) What is the maximum profit? $
The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is p = 400 − 1/2x dollars, and the average cost of production and sale is C = 100 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. $  per unit (c) What is the maximum profit? $ The weekly demand function for x units of a product sold by only one firm is...
Suppose a company has fixed costs of $700 and variable costs per unit of 7 8...
Suppose a company has fixed costs of $700 and variable costs per unit of 7 8 x + 1120 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1200 − 1 8 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = 10, 70 (b) Find the maximum revenue. $ (c) Form the profit function P(x) from the cost and revenue...
Suppose a company has fixed costs of $2400 and variable costs per unit of 15 16...
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....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT