The revenue function for a product is R(x) = 164x dollars and the cost function for the
Question:
The revenue function for a product is R(x) = 164x dollars and the cost function for the product is
C(x) = 0.01x2 + 20x + 300 dollars
where x is the number of units produced and sold.
(a) How many units of the product should be sold to obtain maximum profit?
(b) What is the maximum possible profit?
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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
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