1. The profit function for a certain commodity is P(x) = 110x - x2 - 1000. Find...
Question:
1. The profit function for a certain commodity is P(x) = 110x - x2 - 1000. Find the level of production that yields maximum profit, and find the maximum profit?
2. The profit function for a firm making widgets is P(x) = 88x - x2 - 1200. Find the number of units at which maximum profit is achieved, and find the maximum profit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
1 Px x 2 110x 1000 Maximum profit i...View the full answer
Answered By
SUMAN DINDA
I LIKE TO TEACH STUDENTS. SO, I START MYSELF AS A PRIVATE TUTOR. I TEACH STUDENTS OF DIFFERENT CLASSES. I HAVE ALSO DONE BACHELOR OF EDUCATION DEGREE(B.ED). DURING THIS COURSE I HAD TO TEACH IN A SCHOOL. SO I HAVE A GOOD EXPERIENCE IN TEACHING.
1+ Reviews
10+ Question Solved
Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
