A manufacturer of tennis rackets finds that the total cost C ( x ) (in dollars) of
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Question:
A manufacturer of tennis rackets finds that the total cost C(x) (in dollars) of manufacturing x rackets/day is given by
C(x) = 300 + 2x + 0.0002x2
Each racket can be sold at a price of p dollars, where p is related to x by the demand equation
p = 11 0.0003x
If all rackets that are manufactured can be sold, find the daily level of production that will yield a maximum profit for the manufacturer. Hint: The revenue is R(x) = px, and the profit is P(x) = R(x) C(x).
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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