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Mathematics 24 Online
OpenStudy (anonymous):

Question attached. Please check answer thanks!

OpenStudy (anonymous):

OpenStudy (anonymous):

Question a) Find the max profit I got $185,000

OpenStudy (anonymous):

b) Find the price the company should charge per TV to maximize the profit. I got $130.00

OpenStudy (anonymous):

That's x over 50 sorry on the picture...

OpenStudy (anonymous):

Anyone? :-(

OpenStudy (anonymous):

Maybe I should post that I found the following: Profit big "P", P(x)=R(x)-C(x)=-.02x^2 +140x -60000 and found that x=3500 yields max profit P(3500)=$185,000

OpenStudy (anonymous):

And for b) Do I simply plug in x=3500 to get the price the company should charge per TV to maximize the profit? So I have little "p", p(3500)=200-(3500/50)=$130.00

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