A company makes x smartphones per week. The price-demand equation is p=595−0. 4x and the cost is given by C(x)=19514+16x.
(a) To maximize revenue, ___
phones should be produced,
the price of each phone should be
___ dollars,
resulting in a maximum revenue of
___ dollars.
(b) To maximize profit, ___
phones should be produced,
the price of each phone should be
___ dollars, resulting in a maximum profit of
___ dollars
