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Unformatted text preview: revenue. b. find the profit equation and the amount of hats the company must produce to maximize profits. 17. If the price of a good is given by: x ln 4 p-= and they cost $1 a piece to make. What price will be charged when profits are maximized? 18. If the price of a good is given by: x x e x p ) 1 ln 3 ( 10 + +-= and costs are given by: x x xe x C ) 1 ln 3 ( ) ( + = How many should be sold to maximize profits? 19. Given the demand equation: p = 1000e-0.02x Find the marginal revenue equation. x x p and x x C 4 . 40 ) ( 100 16 ) (-= + =...
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