- #1
Procrastinate
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A manufacturer can sell x CD players per week at d dollars per item, where
x = 600 - 3d
Production costs (in dollars) are given by:
C(x) = 600 + 10x + 0.4x2
How should the CD players be priced in order to maximise profits?
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I have tried a variety of ways but none of them have shown much progress:
dx = 600t - 3d2
Then it doesn't make sense when I take this away from P because there are then three variables.
I have also tried re-arranging x = 600-3d to x-600/-3 but that has shown no success.
Please, could anyone provide some productive hints?
x = 600 - 3d
Production costs (in dollars) are given by:
C(x) = 600 + 10x + 0.4x2
How should the CD players be priced in order to maximise profits?
------------
I have tried a variety of ways but none of them have shown much progress:
dx = 600t - 3d2
Then it doesn't make sense when I take this away from P because there are then three variables.
I have also tried re-arranging x = 600-3d to x-600/-3 but that has shown no success.
Please, could anyone provide some productive hints?