Answer:
Price = 300
x = 600 units
Step-by-step explanation:
Let 'x' be the number of units sold
Price is given by:
[tex]P(x) = 600 - 0.5x[/tex]
Cost of production is given by:
[tex]C(x) =15,000+130x[/tex]
Revenue is defined as:
[tex]R(x) = xP(x)\\R(x) = x(600-0.5x) = 600x - 0.5x^2[/tex]
The value of 'x' for which the derivate of the revenue function is zero, yields the number of phones sold that maximizes profit:
[tex]\frac{dR(x)}{dx} = 600 - x = 0\\ x= 600[/tex]
The price at this output level is:
[tex]P(x) = 600 - 0.5x\\P(x) = 600 - 0.5*600\\P(x) = 300[/tex]