A company has started selling a new type of smartphone at the price of $130 - 0.05x
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A company has started selling a new type of smartphone at the price of $130 - 0.05x where x is the number of smartphones manufactured per day. The parts for each smartphone cost $50 and the labor and overhead for running the plant cost $6000 per day. How many smartphones should the company manufacture and sell per day to maximize profit?
Related Book For
Statistics for Managers Using Microsoft Excel
ISBN: 978-0134173054
8th edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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