Statistics Solutions

(Solution Library) A manufacturer of tennis rackets finds that the total cost C(x) in dollars of manufacturing x rackets a day is given by C(x) = 400 + 4x

Question: A manufacturer of tennis rackets finds that the total cost C(x) in dollars of manufacturing x rackets a day is given by

C(x) = 400 + 4x + 0.0001x 2

Each racket can be sold at a price of p dollars, where p is related to x by the demand equation

\[p=10-0.0004x\]

If all rackets that are manufactured can be sold, find the daily level of production that will yield a maximum profit for the manufacturer.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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