A company manufactures and sells x items per week. The weekly price-demand and cost equations are:

1) A company manufactures and sells x items per week. The weekly price-demand and cost equations are:

p = 400 - 0.4x

C(x) = 2000 + 160x

a) What price should the company charge to maximize revenue? How many units should be produced each week to maximize revenue? What is the maximum revenue?

b) What is the maximum weekly profit? How much should the company charge and produce to maximize profit?

2) C(t) in milligrams per cubic centimeter of a particular drug in a person's blood stream is

C(t) = 0.16t / (t^2 + 4t + 4) where t is the number of hours after drug is taken.

How many hours after the drug is taken will the concentration be maximum? What is the maximum concentration?

Skills: Mathematics

( 0 reviews ) United States

Project ID: #16745702

5 freelancers are bidding on average \$10/hour for this job

rajeshkumararora

Hello – I am having a PhD in engineering from a top university and have 15 years’ experience in Matlab simulations and done work in the area of optimization, differential equations, GUI, etc. I am highly qualified for More

\$12 USD / hour
(39 Reviews)
5.8
\$8 USD / hour
(0 Reviews)
0.0
\$8 USD / hour
(0 Reviews)
0.0
\$13 USD / hour
(0 Reviews)
0.0
rleong16

Hi, my name is Robert and I am a statistician/mathematician by profession. This task is easy for me. Do you need your answers now? I can give them in less than an hour once you say yes. I am just wondering why t More

\$10 USD / hour
(0 Reviews)
0.0