Lily's Undead-Away Solutions sells zombie-proof mobile homes. The monthly demand function for the mobile homes is...
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Lily's Undead-Away Solutions sells zombie-proof mobile homes. The monthly demand function for the mobile homes is p = -0.01x + 20, where p is in thousands of dollars and x is the number of homes sold. The homes cost $7 thousand each to produce and her super high-tech Undead-Away factory has the fixed cost of $900 thousand per month. a) Find the profit function: b) Find the marginal profit function, where P'(x) is in thousands of dollars: c) How many zombie-proof homes should Lily sell in a month to maximize her profit? d) How much should Lily charge per zombie-proof home to maximize her profit? Price for Max Monthly Profit: $ /home e) What is the maximum monthly profit that Lily can earn? Maximum Monthly Profit: /month %24 Lily's Undead-Away Solutions sells zombie-proof mobile homes. The monthly demand function for the mobile homes is p = -0.01x + 20, where p is in thousands of dollars and x is the number of homes sold. The homes cost $7 thousand each to produce and her super high-tech Undead-Away factory has the fixed cost of $900 thousand per month. a) Find the profit function: b) Find the marginal profit function, where P'(x) is in thousands of dollars: c) How many zombie-proof homes should Lily sell in a month to maximize her profit? d) How much should Lily charge per zombie-proof home to maximize her profit? Price for Max Monthly Profit: $ /home e) What is the maximum monthly profit that Lily can earn? Maximum Monthly Profit: /month %24
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
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