Suppose that the total cost function for manufacturing certain product is C(x)=0.2(0.01x^2+120)
Question: The quantity demanded each month of the Walter Serkin recording of Beethoven’s Moonlight Sonata, manufactured by Phonola records Industries is related to the price of the compact disc:
\[p=-0.00042x+6\]with \(\left( 0\le x\le 12,000 \right)\) represents the demand, and p denotes the price and x is the number of discs demanded. The total monthly cost for pressing and packaging x copies of this classical recording is given by
\[C\left( x \right)=600+2x-0.00002{{x}^{2}}\]with \(0\le x\le 20000\). To maximize its profits, how many copies should Phonola produce each month?
Price: $2.99
Solution: The solution file consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
