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Question a) Find the max profit I got $185,000
b) Find the price the company should charge per TV to maximize the profit. I got $130.00
That's x over 50 sorry on the picture...
Anyone? :-(
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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
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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