Patrick L.

asked • 02/05/17

Algebra world problem (economics)

Suppose a company has fixed costs of $35,200 and variable cost per unit of
2/5x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1465 − 3/5x dollars per unit.

(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x = 1100, 32


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


(c) Form the profit function P(x) from the cost and revenue functions.
P(x) = -x^2+ 1132x -35200


Find maximum profit.
$ 285156

(d) What price will maximize the profit? (Round your answer to the nearest cent.)
$1125.4

I managed to figure out everything, except the maximum revenue

1 Expert Answer

By:

Regina G. answered • 02/05/17

Tutor
New to Wyzant

My main goal is my students' success

Patrick L.

That is the problem, ma'm. 
Report

02/05/17

Regina G.

Have you received my solutions, Patrick, please confirm. 
I typed a lot, pressed save comment and everything disappeared, I hope you got it. 
Report

02/06/17

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