View the step-by-step solution to:

Question

Calculus help


 A company

and sells x   drills per month. The monthly cost and price-demand equations are


스크린샷 2018-11-20 오후 11.09.45.png

스크린샷 2018-11-20 오후 11.09.45.png

(1 point) A company manufacturers and sells x electric drills per month. The monthly cost and
price-demand equations are C(x) = 75000 + 50x, JC = 210— —, 0 < < 5000.
p 30 J— (A) Find the production level that results in the maximum revenue. Production Level = (B) Find the price that the company should charge for each drill in order to maximize profit. Price = (C) Suppose that a 5 dollar per drill tax is imposed. Determine the number of drills that should
be produced and sold in order to maximize profit under these new circumstances. Number of drills =

Top Answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online