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Determine the number of drills that should be produced

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Reference no: EM132076945

A company manufacturers and sells x electric drills per month. The monthly cost and price-demand equations are

C(x)=63000 + 40x

p=220 - x/30

0<=x<=5000

Find the production level that results in the maximum revenue. 

Production level=?

Find the price that the company should charge for each drill in order to maximize profit. 

Price=?

Suppose that a 5 dollar per drill tax is imposed. Determine the number of drills that should be produced and sold in order to maximize profit under these new circumstances. 

Number of drills=?

Reference no: EM132076945

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