Hi,
Following is my problem:
A company's manufacturing units is a maximum of 208 units per week
C=0.26x^2+40.85x+983.31 (x is the number of units / manufactured per week)
Unit Selling Price is: $104 thousand
Here we need to find an expression for Company’s profit from selling units, in thousands, as a function of the number of units manufactured per week.
I know that the profit can be defined as the difference between revenue and manufacturing cost and the revenue from the sales can be found by multiplying demand (A-B*p) by selling price (p). In the question I am unable to find the demand and revenue to go further.
Please help.
Following is my problem:
A company's manufacturing units is a maximum of 208 units per week
C=0.26x^2+40.85x+983.31 (x is the number of units / manufactured per week)
Unit Selling Price is: $104 thousand
Here we need to find an expression for Company’s profit from selling units, in thousands, as a function of the number of units manufactured per week.
I know that the profit can be defined as the difference between revenue and manufacturing cost and the revenue from the sales can be found by multiplying demand (A-B*p) by selling price (p). In the question I am unable to find the demand and revenue to go further.
Please help.
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