Maximum RevenueJesaki Electronics manufactures and sells a smartphones per week. The weekly price-demand andcost equations are, respectively,p= 536 - 0.40 x and C(x) = 19,932 + 23 x.Suppose Jesaki Electronics wants to maximize weekly revenue. Compute the following quantities.1. How many phones should be produced each week?phones. Round to 2 decimalplaces.2. What price should Jesaki charge for the phones? $per phone. Round to the nearestcent.3. What is the maximum weekly revenue? $per week. Round to the nearest cent.Enter the result for 1.11:3.N34%11/15PriscInsertDeleteCF6F8F9F10F11F12&*BackspaceNumLock58+ II

Given Demand function smartphone: p=536-0.40x ............ (1) and cost function: C(x)…

Maximum Revenue Jesaki Electronics manufactures and sells a smartphones per week. The weekly price-demand and cost equations are, respectively, p= 536 - 0.40 r and C(x) = 19,932 + 23 r. %3D Suppose Jesaki Electronics wants to maximize weekly revenue. Compute the following quantities. 1. How many phones should be produced each week? places. phones. Round to 2 decimal 2. What price should Jesaki charge for the phones? $. per phone. Round to the nearest cent. 3. What is the maximum weekly revenue? $. per week. Round to the nearest cent. Enter the result for 1.

Maximum Revenue Jesaki Electronics manufactures and sells a smartphones per week. The weekly price-demand and cost equations are, respectively, p= 536 - 0.40 r and C(x) = 19,932 + 23 r. %3D Suppose Jesaki Electronics wants to maximize weekly revenue. Compute the following quantities. 1. How many phones should be produced each week? places. phones. Round to 2 decimal 2. What price should Jesaki charge for the phones? $. per phone. Round to the nearest cent. 3. What is the maximum weekly revenue? $. per week. Round to the nearest cent. Enter the result for 1.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 13E

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