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A firm can produce 100 units per week. If its total cost function is C = 500 + 1500x dollars

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A firm can produce 100 units per week. If its total cost function is C = 500 + 1500x dollars and its total revenue function is R = 1600x-x2 dollars, how many units, x, should it produce to maximize its profit? Find the maximum profit.


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Computation of the following Profit function P R C 16…View the full answer


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Mathematical Applications for the Management Life and Social Sciences

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: August 05, 2013 04:14:46
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