Maximizing Profits The weekly demand for the Pulsar 40-in. high-definition television is given by the demand...

 

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Maximizing Profits The weekly demand for the Pulsar 40-in. high-definition television is given by the demand equation p = -0.05x + 543 (0 ≤ x ≤ 12,000) where p denotes the wholesale unit price in dollars and x denotes the quantity demanded. The weekly total cost function associated with manufacturing these sets is given by C(x) = 0.000004x³ -0.05x² + 400x + 80,000 where C(x) denotes the total cost incurred in producing x sets. Find the level of production that will yield a maximum profit for the manufacturer. Hint: Use the quadratic formula. (Round your answer to the nearest whole number.) units Maximizing Profits The weekly demand for the Pulsar 40-in. high-definition television is given by the demand equation p = -0.05x + 543 (0 ≤ x ≤ 12,000) where p denotes the wholesale unit price in dollars and x denotes the quantity demanded. The weekly total cost function associated with manufacturing these sets is given by C(x) = 0.000004x³ -0.05x² + 400x + 80,000 where C(x) denotes the total cost incurred in producing x sets. Find the level of production that will yield a maximum profit for the manufacturer. Hint: Use the quadratic formula. (Round your answer to the nearest whole number.) units

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To find the level of production that will yield a maximum profit we need to determine the profit fun... View the full answer