document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=904244>Question 904244</A>: <I><SPAN STYLE=\"word-break: break-all;\"> . A company produces and sells shirts. The fixed costs are $7000 and the variable costs are $5 per shirt.\r<BR>\n" );
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document.write( "a) Shirts are sold for $12 each. Find the cost and revenue as functions of the quantity of shirts, q.\r<BR>\n" );
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document.write( "b) The company is considering changing the selling price of the shirts. Demand is <BR>\n" );
document.write( "q = 2000 – 40p, where p is the price of the shirt in dollars and q is the number of shirts. What quantity is sold at the current price of $12? What profit is realized at this price?\r<BR>\n" );
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document.write( "c) Use the demand equation to write cost and revenue as functions of price, p. Then write profit as a function of price, p.  (hint: do not use $12, use just p)\r<BR>\n" );
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document.write( "d) Graph profit against price. Find the price that maximizes profits. What is this profit?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #549529 by </B><A HREF=/tutors/aboutme.mpl?userid=richwmiller><B>richwmiller(17219)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=richwmiller><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=richwmiller><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=549529\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> cost=5s+7000<BR>\n" );
document.write( "profit=(12-5)*s-7000\r<BR>\n" );
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