Salinas Campos
01/09/2024 · Junior High School
A company manufactures and sells \( x \) television sets per month. The monthly cost and price-demand equations are \( C(x)=73,000+80 x \) and \( p(x)=200-\frac{x}{30}, 0 \leq x \leq 6000 \). (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company \( \$ 5 \) for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set?
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(A) Maximum revenue is $300,000 at 3000 sets.
(B) Maximum profit is $35,000 at 1800 sets, with a price of $140 per set.
(C) With a $5 tax, the company should produce 1725 sets for a maximum profit of $26,166.67, at a price of $142.50 per set.
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