Maximum Revenue Jesaki Electronics manufactures and sells a smartphones per week. The weekly price-demand and cost equations are, respectively, p= 536 - 0.40 r and C(x) = 19,932 + 23 r. %3D Suppose Jesaki Electronics wants to maximize weekly revenue. Compute the following quantities. 1. How many phones should be produced each week? places. phones. Round to 2 decimal 2. What price should Jesaki charge for the phones? $. per phone. Round to the nearest cent. 3. What is the maximum weekly revenue? $. per week. Round to the nearest cent. Enter the result for 1.
Maximum Revenue Jesaki Electronics manufactures and sells a smartphones per week. The weekly price-demand and cost equations are, respectively, p= 536 - 0.40 r and C(x) = 19,932 + 23 r. %3D Suppose Jesaki Electronics wants to maximize weekly revenue. Compute the following quantities. 1. How many phones should be produced each week? places. phones. Round to 2 decimal 2. What price should Jesaki charge for the phones? $. per phone. Round to the nearest cent. 3. What is the maximum weekly revenue? $. per week. Round to the nearest cent. Enter the result for 1.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 13E
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