MISSING LETTER D

 

Suppose a company has fixed costs of $24,000 and variable cost per unit of 1/3 x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 

1468 − 2/3  x dollars per unit.

 

(a) Find the break-even points. (Enter your answers as a comma-separated list.)
 

x = 24,1000

Well done.

(b) Find the maximum revenue. (Round your answer to the nearest cent.)
$808134  Well done.

(c) Form the profit function P(x) from the cost and revenue functions.
 

P(x) = 1024x−x2−24,000

 Very nice!

Find maximum profit.
$238144 Fantastic work!

(d) What price will maximize the profit? (Round your answer to the nearest cent.)
$  

 

Answer rating: 100% (QA)

Finding the Price that Maximizes Profit We cant directly find the profitmaximizing price by looking at the cost and revenue functions themselves Howev... View the full answer