A company manufacturers and sells x electric drills per month. The monthly cost and price-demand equations are
C (x) = 64000+60x, p=190-x/30, 0≤x≤5000.
a) production level at max revenue = 2850
b) price to max profit = $125
c) Suppose that a 5 dollar per drill tax is imposed. Determine the number of drills that should be produced and sold in order to maximize profit under these new circumstances.?
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Home » Mathematics » A company manufacturers and sells x electric drills per month. The monthly cost and price-demand equations are C (x) = 64000+60x, p=190-x/30, 0≤x≤5000.