The weekly demand function for x units of a product sold by only one firm is
p = 800 − 0.5x dollars, and the average cost of production and sale is C(with a line on top) = 300 + 2x dollars.

(a) Find the quantity that will maximize profit.

(b) Find the selling price at this optimal quantity.

(c) What is the maximum profit?

Answer:

a) x = 798   is the quantity that maximizes the profit

b)po(x) = 401 $/unit

c)P(max ) = 636105 $

Step-by-step explanation:

The weekly demand function is equal to the price by unit and the Revenue function is weekly demand times quantity of units then:

R(x) = p(x) * x

R(x) = ( 800 - 0,5*x ) * x

R(x) = 800*x - 0,5*x²

The equation for the profit is:

P(x) = R(x) - C(x)

P(x) = 800*x - 0,5*x² - ( 300 + 2*x)

P(x) = 798*x - 0,5*x² - 300

a) P(x) = 798*x - 0,5*x² - 300

Taking derivatives on both sides of the equation:

P´(x) = 798 - x

If P´(x) = 0     then    798 - x = 0

x = 798   is the quantity that maximizes the profit

b) Selling price for the optimal quantity is:

p(x) = 800 - 0,5*x

p(x) = 800 - 0,5* 798

po (x) = 800 - 399

po(x) = 401 $/unit

c) Pmax = ?

P(x) = 798*x - 0,5*x² - 300    by subtitution of  x = 798

P(max) = 636804 - 399 - 300

P(max ) = 636105 $

a) The quantity that will maximize profit is [tex]100 \ units[/tex].

b) The selling of at this optimal quantity is [tex]\[/tex][tex]750[/tex] per unit.

c) So, the maximum profit is [tex]\[/tex][tex]25000[/tex].

A demand function is a mathematical equation that expresses the demand for a product or service as a function of its price and other factors such as the prices of the substitutes and complementary goods, income, etc.

The given demand function,

[tex]P=800-\frac{1}{2}x[/tex]

So, the revenue function is,

[tex]R(x)=p.x\\R(x)=800-x-\frac{1}{2}x^{2}[/tex]

[tex]\Rightarrow[/tex]Average cost is

[tex]\bar{C}=300+2x[/tex]

So, the total cost function is,

[tex]C\left ( x \right )=\bar{C}.x \\ C\left ( x \right )=300x+2x^{2}[/tex]

a) Profit function:

[tex]P\left ( x \right )=R\left ( x \right )-C\left ( x \right ) \\ =800x-\frac{1}{2}x^{2}-300x-2x^{2} \\ P\left ( x \right )=500x-\frac{5}{2}x^{2}[/tex]

For maximum,

[tex]{P}'\left ( x \right )=0 \\ 500\left ( 1 \right )-\frac{5}{2}\left ( 2x \right )=0 \\ 500-5x=0 \\ x=100[/tex]

b) Selling Price:

[tex]P=800-\frac{1}{2}x \\ at \ x=100 \\ P=800-\frac{1}{2}\left ( 100 \right ) \\ =\$ 750[/tex]

c) Maximum Profit:

[tex]P\left ( x \right )=500x-\frac{5}{2}x^{2} \\ P\left ( 100 \right )=500\left ( 100 \right )-\frac{5}{2}\left ( 100 \right )^{2} \\ P\left ( 100 \right )=\$ 25000[/tex]

Learn more about of Demand Function: https://brainly.com/question/25938253

whats 62.7×2.45......?

Lines E, F, and G are parallel lines cut by transversal H as shown below. What is the value of
a+b+c+d?

Aging workers of the Neotropical termite, Neocapritermes taracua, develop blue crystal containing glands ("backpacks") on their backs, When they fight intruding termites and are hampered, these "blue" termites explode, and the glands spew a sticky liquid (Sobotnik et al. 2012). The following data are from an experiment that measured the toxicity of the blue substance. A single drop of the liquid extracted from blue termites was placed on individuals of a second termite species, Labiotermes labralis, and the number that were immobilized (dead or paralyzed) within 60 minutes was recorded. The frequency of this outcome was compared with a control treatment in which liquid from glands of "white" termites lacking the blue crystals was dropped instead.
Is the blue liquid toxic compared to liquid from white termites?
Liquid source Unharmed Immobilized
Blue workers 3 37
White workers 31 9

Megan had $235.17 in her bank account. She withdrew $77.98 from the account to spend
on clothing. How much money does she have left in her bank account now?

How do you find what p is?

ax+6=15 a is a negative, what must be true about x?

Is f^-1(x) = x/9 - 5/9 a function?

Restless Leg Syndrome and Fibromyalgia
People with restless leg syndrome have a strong urge to move their legs to stop uncomfortable sensations. People with fibromyalgia suffer pain and tenderness in joints throughout the body. A recent study indicates that people with fibromyalgia are much more likely to have restless leg syndrome than people without the disease. The study indicates that, for people with fibromyalgia, the probability is 0.33 of having restless leg syndrome, while for people without fibromyalgia, the probability is 0.03. About 2% of the population has fibromyalgia. Create a tree diagram from this information and use it to find the probability that a person with restless leg syndrome has fibromyalgia.

The slope of a line is 15 and the point (3, -1) lies
on the line. Write an equation of the line in
point-slope form.

HELP MEEEE

Solve 1.43p + 2.2 = -4.001. Round your answer to the nearest hundredth. Show your work.

What’s the difference between m=change in y and change in x and m =y2-y1and x2-x1

Salena needs to purchase 9 skirts for a new job. her friend, Jamie goes with her each of the skirts costs $41. Salena says that she can find the total cost by multiplying 9 and 4 and adding that to product of 9 and 1. Jamie disagrees and says that she needs to find the product of 9 and 40 and add that to the product of 9 and 1. Who is correct and why?

Tell whether the sum is positive, negative, or zero without adding them.
-8 + 20

if a person ran 1/2 of a mile in 1/10 of an hour. How far will the person run in one (1) hour?

diride 660cm in the ratio of 5:6​

Evaluate 8 ÷ -2 · 4²+9. Thanks! Will give brainiest if possible

Solve for x for the following pls!
1) 7+3x+1=4x+5
2) 8+2x+18=x+19
3) 6+2x+13=x+26
would appreciate it sm

pwease help!! i need help to put the answers in the box c:

to be proportional, there must be a constant of proportionality

true or false

How can you use a number line to find the sum of -8 and 9?

BI
Challenge 2
A: Can you find the
area of the circle?
r=x +1
B: Can you find the
circumference of
the circle?

Pls I need help ASAP

If you have metamorphic rock and melt it, what does it become?

A. Magma
B. Minerals
C. Sedimentary Rock
D. Soil

I don't understand with this question, can you help me with this pls?

a stone which is dropped into a dry well hits the bottom in 2.2s how deep is the well. take g=10m/s​

Please find the area and circumference of
the circle below

HELP WITH NUMBER 6 ASAP PLEASE!!!!!!!

guys what is 265 divided by 53

(-8) X 2/3 i NEED the answer help me

Brandon enters bike race. He bikes 9 1/2 miles every 1/2 hour