Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1946-3x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= (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)= Find maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.)

Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1946-3x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= (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)= Find maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.)

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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