Maximum revenue and profit a company manufactures and sells, Ask an Expert

Management Studies

Maximum revenue and profit. A company manufactures and sells x e-book readers per month. The monthly cost and price demand equations are, respectively,

C(x) = 350x + 50,000

p = 500 - 0.025x 0<=x<=20,000

(A) Find the maximum revenue.

(B) How many readers should the company manufacture each month to maximize its profit? What is the maximum monthly profit? How much should the company charge for each reader?

(C) If the government decides to tax the company $20 for each reader it produces, how many readers should the company manufacture each month to maximize its profit? What is the maximum monthly profit? How much should the company charge for each reader?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92023771

Have any Question?Write your Review or question?

Related Questions in Business Management

Discuss three specific advantages and disadvantages

Discuss three specific advantages and disadvantages regarding the division of labor?

Why might teams composed of millennials and baby boomers

Why might teams composed of millennial's and baby boomers benefit from having moderate levels of group cohesiveness?

Decision support systems dss what sorts of dss tools do you

Decision support systems (DSS). What sorts of DSS tools do you use at your work - e.g., what-if analysis, sensitivity analysis, scenario analysis, goal-seeking analysis, optimization analysis, etc.? Even if you don't use ...

What is the connection between monitoring and evaluationhow

What is the connection between monitoring and evaluation? How does evaluation fit into planning? How can evaluation results be used in making decisions? According to Chapter 3 in the book The ABC's of evaluation: Timeles ...

List the 3 ways to identify an opportunityname 3 techniques

List the 3 ways to identify an Opportunity? Name 3 techniques for generating ideas? Describe what is a business plan is?

Question 1 what impresses you about rosen hotels and

Question 1: What impresses you about Rosen Hotels and Resorts? What has accounted for Rosen Hotels and Resorts success? What aspects of Rosen Hotels and Resorts do you find unimpressive? (Case Study: Rosen Hotels & Resor ...

When it comes to creating a shared vision how many people

When it comes to creating a shared vision, how many people do you think should be involved, and what factors go into that decision?

The text discusses four types of The text discusses four types of communications Top-Down

The text discusses four types of communications Top-Down Bottom-Up Horizontal Grape-Vine Select one communication type that you think is most effective, and one that you think is the least effective in organizations an ...

The article titled data on what makes a car american is

The article titled "Data on What Makes a Car American" Is Not-So-Fine-Tuned from the Wall Street Journal before answering the questions below. Link: https://www.wsj.com/articles/data-on-what-makes-a-car-american-is-not- ...

Please help with the potential barriers to effective

Please help with the potential barriers to effective strategic planning in the health care environment How does this differ from the general business world?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert