1. An engineering manufacturing company has established that therelationship between the quantity sold per month (D) and the salesprice (p) for one of its products is approximately, (6780-5units. The fixed cost is $1000 per month and the unit variablecost is $550 per unit produced.a. What is the maximum total revenue per month? Prove it is amaximum.b. What is the maximum profit per month? Prove it is maximum.

Given: Quantity solved per month or demand per month=D And sales price for each product=p And demand…

1. An engineering manufacturing company has established that the relationship between the quantity sold per month (D) and the sales (6780-5p)² price (p) for one of its products is approximately, units. The fixed cost is $1000 per month and the unit variable cost is $550 per unit produced. a. What is the maximum total revenue per month? Prove it is a maximum. b. What is the maximum profit per month? Prove it is maximum.

1. An engineering manufacturing company has established that the relationship between the quantity sold per month (D) and the sales (6780-5p)² price (p) for one of its products is approximately, units. The fixed cost is $1000 per month and the unit variable cost is $550 per unit produced. a. What is the maximum total revenue per month? Prove it is a maximum. b. What is the maximum profit per month? Prove it is maximum.

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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See image.
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