The price of a watch is given by: p = 40 - (0.01)x. The cost of manufacturing those watches is: C(x)
Question: The price of a watch is given by: p = 40 – (0.01)x. The cost of manufacturing those watches is: C(x) = 2000 + 15x + (0.02) x2. How many watches should the company make to maximize its profit? What will that maximum profit be? What price should the company charge for each watch?
Price: $2.99
Solution: The solution consists of 1 page
Deliverable: Word Document
Deliverable: Word Document
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