The demand function for a tablet is given by the model p = 200 - 16x2 where 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?
demand
p=dollars per tablet
x=millions of tablet
cost for producing each tablet=50
profit=125
revenue=px
cost=50x
if
and if
now the company should sell in the price
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
Comments
Leave a comment