suppose a certain manufacturer has determined the price equation

timer Asked: May 13th, 2015

Question description

Suppose a certain manufacturer has determined the price equation (demand equation) for a certain product to be p=2.25-000025x.  each item cost $0.25 to make and has fixed costs of $15,000. Because of physical considerations (lack of building room) the manufacturer can produce a maximum of 100,000 units.

A. use the price equation to create a revenue equation for this manufacturer.

B. create the total cost equation for the manufacturer.

C. create a profit equation for the manufacturer.

D. determine the appropriate domain for x based on the manufacturers limitations.

E. how many units should the manufacturer produce in order to maximize profits?

F. does this value fit into the domain specified in part "c"? why or why not?

G. determine the maximum profit. 

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