- #1
MrNeWBiE
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riddle question " max profit + units "
There is no demand for a new brand of mobile phones if the price is 20 $ or more. For each drop of 1 $ in the price, the demand increases by 500 units.The cost of producing x units is (12x + 2000)$. How many phones should be produced and sold to obtain a maximum profit? What is the price per unit charged to get maximum profit?
well to know the units i should use x=-b/2a
and the max $ from y=c-(b^2/4a)
but can someone tell me how to make the equation for this question ,,,
P=R-C ,,,
C=(12x + 2000) ,,,
how to find R ?
Homework Statement
There is no demand for a new brand of mobile phones if the price is 20 $ or more. For each drop of 1 $ in the price, the demand increases by 500 units.The cost of producing x units is (12x + 2000)$. How many phones should be produced and sold to obtain a maximum profit? What is the price per unit charged to get maximum profit?
The Attempt at a Solution
well to know the units i should use x=-b/2a
and the max $ from y=c-(b^2/4a)
but can someone tell me how to make the equation for this question ,,,
P=R-C ,,,
C=(12x + 2000) ,,,
how to find R ?