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OpenStudy (anonymous):
A company has started selling a new type of smartphone at the price of $110-0.1x where x is the number of smartphones manufactured per day. the parts for each phone cost $50 and labor and overhead for running the plant cost $4000 per day. How many smartphones should the company manufacture and sell per day to maximize profit.?
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OpenStudy (anonymous):
\[revenue= 110-.1x ?\]
OpenStudy (anonymous):
and cost= 50x+4000 ?
OpenStudy (anonymous):
is that right?
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