Solved by Expert Tutors
Solved by Expert Tutors

I attached the question. Its for college algebra . 

The demand equation for a microwave is p = 140 – 0.001x where p is the unit price in dollars and x is the number of units produced and sold. The cost equation for the microwave is C = 40x + 150,000 where C is the total cost in dollars and x is the number of units produced. The total profit P obtained by producing and selling x units is given by P = R – C = xp – C. Is there a price p that yields a profit of $3 million? Explain your answer. Hint: The profit equation is P = xp - C so substitute in for x and C and the profit of 3,000,000. Solve for x to find out how many to make and then you can calculate the price.
Background image of page 1

Step-by-step answer

The student who asked this found it Helpful

onec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit

amet, consectetflestie cons

m ipsum dolor sit amet, cons

, ultrices ac magnisciis

ng elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie cons

Subscribe to view the full answer

Subject: Math

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.

  • -

    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
Let our 24/7 Math tutors help you get unstuck! Ask your first question.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes