The cost function for a certain company is C = 20x + 700 and the revenue is given by R = 100x - 0.5x^(2). Recall that profit is revenue minus cost. Set up a quadratic equation and find two values of x (production level ) that will create a profit of $700.

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To find the production levels that will create a profit of 700 we need to set up a quadr... View the full answer