A company producing stereos can produce a stereo for $112 on top of the company's annual fixed cost of $512000.If the price (demand) function for the stereos is given by p(q)=−0.95q+45000, how many stereos must the company produce and sell to earn a profit of $2,625,505?
A company producing stereos can produce a stereo for $112 on top of the company's annual fixed cost of $512000.If the price (demand) function for the stereos is given by p(q)=−0.95q+45000, how many stereos must the company produce and sell to earn a profit of $2,625,505?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.3: Equations Involving Decimals And Problem Solving
Problem 51PS
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A company producing stereos can produce a stereo for $112 on top of the company's annual fixed cost of $512000.If the price (demand) function for the stereos is given by p(q)=−0.95q+45000, how many stereos must the company produce and sell to earn a profit of $2,625,505?
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