The variable x represents the number of HDTVs manufactured and sold in a given month. The variable p is the price charged when you sell a TV. A demand curve is given by p = 660-3x. a) Find the x-intercept of this demand curve. Say what it means. Assume you must pay salaries totalling 8000$ in a month. Also, it costs $110 to manufacture one TV. b) Write a formula for your cost function C(x) c) Write a formula for your revenue function R(x) d) The profit function is M(x) = Graph the profit function and using the Maximum program, find the maximum possible profit and fill in the details (round off x to the nearest whole number): e) number of sales: f) profit: g) selling price: h) revenue: i) cost: j) check these results fit together: k) Find the range of prices you can charge and still be in the black: The lowest price you can charge is ___________ and the highest is ___________
The variable x represents the number of HDTVs manufactured and sold in a given month. The variable p is the price charged when you sell a TV.
A demand curve is given by p = 660-3x.
a) Find the x-intercept of this demand curve. Say what it means.
Assume you must pay salaries totalling 8000$ in a month. Also, it costs $110 to manufacture one TV.
b) Write a formula for your cost function C(x)
c) Write a formula for your revenue function R(x)
d) The profit function is M(x) =
Graph the profit function and using the Maximum program, find the maximum possible profit and fill in the details (round off x to the nearest whole number):
e) number of sales:
f) profit:
g) selling price:
h) revenue:
i) cost:
j) check these results fit together:
k) Find the range of prices you can charge and still be in the black:
The lowest price you can charge is ___________ and the highest is ___________
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