For the given cost and demand functions, find the production level that will maximize profit 11 C(x) 680 4x 0 01x, p(x) 12 12 C(x) 680 4x 0 01x, p(x) 12 x 500 13 C(x) 1450 36x x 0 001x p(x) 60 0 01x 14 C(x) 16,000 500x 1 6x 0 004x', p(x) 1700 7x 3D...

11 Cx 680 4x 001r px 12 Rx xpx 12x If the profit is maximu ...

For the given cost and demand functions, find the production level that will maximize profit. 11. C(x)

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For the given cost and demand functions, find the production level that will maximize profit.

11. C(x) = 680 + 4x + 0.01x, p(x) = 12 12. C(x) = 680 + 4x + 0.01x, p(x) = 12 - x/500 13. C(x) = 1450 + 36x – x? + 0.0

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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Jun 30, 2010 04:35 AM

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For the given cost and demand functions, find the production level that will maximize profit. 11. C(x)

Question:

11. C(x) = 680 + 4x + 0.01x, p(x) = 12 12. C(x) = 680 + 4x + 0.01x, p(x) = 12 - x/500 13. C(x) = 1450 + 36x – x? + 0.001x. p(x) = 60 – 0.01x 14. C(x) = 16,000 + 500x – 1.6x? + 0.004x', p(x) = 1700 – 7x %3D

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Microeconomics

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