The demand and cost equations for a stethoscope are given by $p = 134 - 0.0002 x$
and
$C = 50 x + 160,000$ where $p$ is the unit price (in dollars), $C$ is the total cost (in dollars), and $x$ is the number of units. The total profit $P$ (in dollars) obtained by producing and selling $x$ units is given by $P = R - C = x p - C.$ Determine a price $p$ that would yield a profit of $6.9 million.
A)$36.62
B)$48.83
C)$97.65
D)$109.86
E)$73.24

Question

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The Answer of The demand and cost equations for a stethoscope are given by $p = 134 - 0.0002 x$
and
$C = 50 x + 160,000$ where $p$ is the unit price (in dollars), $C$ is the total cost (in dollars), and $x$ is the number of units. The total profit $P$ (in dollars) obtained by producing and selling $x$ units is given by $P = R - C = x p - C.$ Determine a price $p$ that would yield a profit of $6.9 million.
A)$36.62
B)$48.83
C)$97.65
D)$109.86
E)$73.24

The Demand and Cost Equations for a Stethoscope Are Given p=134−0.0002xp = 134 - 0.0002 xp=134−0.0002x

The Demand and Cost Equations for a Stethoscope Are Given $p = 134 - 0.0002 x$