Maximum revenue and profit. A company manufactures and sells x smart phones per week. The weekly price–demand and cost equations are, respectively,
- (A) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue?
- (B) What is the maximum weekly profit? How much should the company charge for the phones, and how many phones should be produced to realize the maximum weekly profit?
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Calculus for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
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