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[Solution Library] The quantity demanded per month, x , of a certain brand of electric shavers is related to the price, p , per shaver by the equation p = -0.1

Question: The quantity demanded per month, x , of a certain brand of electric shavers is related to the price, p , per shaver by the equation p = -0.1 x + 10,000 (0 < x < 20,000), where p is measured in dollars. The total monthly cost for manufacturing the shavers is given

C ( x ) = 0.00002 x 3 - 0.4 x 2 +10,000 x + 20,000.

How many shavers should be produced per month in order to maximize the company's profit? What is the maximum profit?

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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