Answer to Question #259252 in Algebra for bri

Question #259252

The demand function for a tablet is given by the model p = 200 - 16xwhere p is measured in dollars per tablet and x is measured in millions of tablets. If it costs $50 to produce each tablet and a profit of $125 million was derive when 2.5 million tablets were produced. Derive the number of tablets that the company could sell to make the same amount of profit?



1
Expert's answer
2021-11-01T13:13:51-0400

demandp=20016X2.....(1)p=200-16X^2.....(1)

p=dollars per tablet

x=millions of tablet

cost for producing each tablet=50

profit=125

revenue=px

=(20016x2)x=200x16x3=(200-16x^2)x\\=200x-16x^3

cost=50x

profit=RXCX125=200x16x350x125=150x16316x3150x+125=0(2x5)(8x2+20x25)=0profit=RX-CX\\125=200x-16x^3-50x\\125=150x-16^3\\16x^3-150x+125=0\\(2x-5)(8x^2+20x-25)=0


if

2x5=0x=52=2.5\\2x-5=0\\x=\frac{5}{2}=2.5

and if

8x2+20x25=0x=2.58x^2+20x-25=0\\x=2.5

now the company should sell in the price

p(2.5)=20016(2.5)2=20016×(52)2=20016×254=2004×25=200100=100p(2.5)=200-16(2.5)^2\\=200-16\times(\frac{5}{2})^2\\=200-16\times\frac{25}{4}\\=200-4\times 25\\=200-100\\=100

p(2.5)=100 dollars per tablet.

hence the company should sell 2.5 millions tablet in the price of 100 dollars per tablet to make profit of $125


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment