Worldwide quarterly sales of Nokia cell phones were approximately q = -p+156 million phones when the wholesale price was $p. It costs Nokia $40 to manufacture each phone.

a.Find the revenue function R(p)
40x –p +156,000,000

b.Find the cost function C(p)

c.Find the profit function P(p)

d.Find the price p that would give the maximum profit. Show work.

e.What is the maximum profit?

Question

Worldwide quarterly sales of Nokia cell phones were approximately q = -p+156 million phones when the wholesale price was $p.  It costs Nokia $40 to manufacture each phone.

a.Find the revenue function R(p)
40x –p +156,000,000

b.Find the cost function C(p)

c.Find the profit function P(p)

d.Find the price p that would give the maximum profit.  Show work.

e.What is the maximum profit?