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5. If, in a monopoly market, the demand function for a product is p = 195 - 0.10x and the revenue function is R = px, where x is the number of units sold and p is the price per unit, what price will maximize revenue? 6. Suppose a company has fixed costs of $4000 and variable costs per unit of 7/8x + 1160 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1300 - 1/8x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = (b) Find the maximum revenue. $ (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find the maximum profit. $ (d) What price will maximize the profit? (Round your answer to the nearest cent.) $

          5. If, in a monopoly market, the demand function for a product is p = 195 - 0.10x and the revenue function is R = px, where x is the number of units sold and p is the price per unit, what price will maximize revenue?
6. Suppose a company has fixed costs of $4000 and variable costs per unit of 7/8x + 1160 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1300 - 1/8x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x =
(b) Find the maximum revenue.
$
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
Find the maximum profit.
$
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
$

5. If, in a monopoly market, the demand function for a product is p = 195 - 0.10x and the revenue function is R = px, where x is the number of units sold and p is the price per unit, what price will maximize revenue?
6. Suppose a company has fixed costs of 4000 and variable costs per unit of 7/8x + 1160 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1300 - 1/8x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x =
(b) Find the maximum revenue.
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
Find the maximum profit.
(d) What price will maximize the profit? (Round your answer to the nearest cent.)

Added by Matthew G.

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