Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1946-3x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= (b) Find the maximum revenue. (Round your answer to the nearest cent.) (c) Form the profit function P(x) from the cost and revenue functions. P(x)= Find maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is
1946 - 3x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x=
(b) Find the maximum revenue. (Round your answer to the nearest cent.)
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
Find maximum profit.
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
Transcribed Image Text:Suppose a company has fixed costs of $40,800 and variable cost per unit of x+222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1946 - 3x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= (b) Find the maximum revenue. (Round your answer to the nearest cent.) (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.)
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