The monthly cost, in hundredshundreds 1. Find the revenue function R(x)=xp(x)
The monthly cost, in hundredshundreds 1. Find the revenue function R(x)=xp(x)
of dollars, to produce number of a certain medical equipment is C(x)=10x+1200, x>0 and its price demand function, in of dollars per equipment, is p(x)=150-2x, 0<x<75.
2. Find the profit function P(x)=R(x)-C(x)
3. Find the number of equipment X that need to be sold each month for maximum profit.
4. Find the maximum profit for any month.
5. Find the price that should be charged for maximum profit.