Maximum Profit Yaster Gadgets manufactures and sells x smartphones per week. The weekly price-demand and cost equations are, respectively, p = 487 - 0.47 x and C(x) = 19,299 + 21 x. Suppose Yaster Gadgets wants to maximize weekly profit. Compute the following quantities. 1. How many phones should be produced each week? phones. Round to 2 decimal places. 2. What price should Jesaki charge for the phones? $ per phone. Round to the nearest cent. 3. What is the maximum weekly profit? $ Round to the nearest cent. per week. Enter the result for 1.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section: Chapter Questions
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Maximum Profit
Yaster Gadgets manufactures and sells x smartphones per week.
The weekly price-demand and cost equations are, respectively,
p = 487 - 0.47 x and C(x) = 19,299 + 21 x.
Suppose Yaster Gadgets wants to maximize weekly profit.
Compute the following quantities.
1. How many phones should be produced each week?
phones. Round to 2 decimal places.
2. What price should Jesaki charge for the phones? $
per phone. Round to the nearest cent.
3. What is the maximum weekly profit? $
Round to the nearest cent.
per week.
Enter the result for 1.
Transcribed Image Text:Maximum Profit Yaster Gadgets manufactures and sells x smartphones per week. The weekly price-demand and cost equations are, respectively, p = 487 - 0.47 x and C(x) = 19,299 + 21 x. Suppose Yaster Gadgets wants to maximize weekly profit. Compute the following quantities. 1. How many phones should be produced each week? phones. Round to 2 decimal places. 2. What price should Jesaki charge for the phones? $ per phone. Round to the nearest cent. 3. What is the maximum weekly profit? $ Round to the nearest cent. per week. Enter the result for 1.
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