Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN: 9780079039897
Author: Carter
Publisher: McGraw Hill
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**Problem 2: Maximizing Profit in Smartphone Production**

A company produces and sells smartphones. The revenue for one smartphone is $900. The cost to produce \( x \) smartphones is given by the function:

\[ C(x) = 0.001x^3 - 0.003x^2 + 0.015x + 90000 \] 

**Questions:**

a) How many smartphones must be produced and sold to maximize the profit? Round your answer to the nearest whole number.

\[ \underline{\hspace{50px}} \text{ smartphones} \]

b) Using this number of smartphones, what is the maximum profit? Round your answer to the nearest dollar.

\[ \underline{\hspace{50px}} \text{ dollars} \]
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Transcribed Image Text:**Problem 2: Maximizing Profit in Smartphone Production** A company produces and sells smartphones. The revenue for one smartphone is $900. The cost to produce \( x \) smartphones is given by the function: \[ C(x) = 0.001x^3 - 0.003x^2 + 0.015x + 90000 \] **Questions:** a) How many smartphones must be produced and sold to maximize the profit? Round your answer to the nearest whole number. \[ \underline{\hspace{50px}} \text{ smartphones} \] b) Using this number of smartphones, what is the maximum profit? Round your answer to the nearest dollar. \[ \underline{\hspace{50px}} \text{ dollars} \]
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