Review: Quiz 3
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X Question Score: 0 of 1 pt
The CarryltAll mini-van. a popular vehicle among soccer moms. obeys the demand eąuation p:
C(x) = 7000x + 20,000.
a) Express the rcvenue Rasa fiinction of x
b) Express the profit P as a fiinction of x
c) Ftnd the vałue of x that maximizes profit What is the maximum profit''
d) What price should be charged in order to maximize profit'*
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a) R(x) = - —x* + 10:000x (SimpHfy your ans w a. Do not factor.)
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b) P(x) = - —x* + 3000x - 20,000 {SimpHfy your answer Do not factor)
c) What ąuantity willmaximize the profit' 75,000* vans
What is the maximum profit'!*
$ 112* million (Roimd to the nearest raiHion dollars as needed.) d) What price shoukł be charged for the majamnm profit?
$ 8500* (Round to the nearest dollar as needed.)
Move your pomter over or tap on the red indicators to see mcorrect answers.
Test Score: 0% (O of 12 pts Ml
■ —x - 10.000 The cost of producing x vans is gjven by the fiinction
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