A firm can produce 100 units per week. If its total cost function is C = 500 + 1500x dollars
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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Question Posted: August 05, 2013 04:14:46