The revenue function for a product is R(x) = 164x dollars and the cost function for the product is C(x) = 0.01x 2 + 20x + 300 dollars where x is the number of units produced and sold. (a) How many units of the product should be sold to obtain maximum profit? (b) What is the maximum possible profit?
Chapter 11, Test #13
The revenue function for a product is R(x) = 164x dollars and the cost function for the product is
C(x) = 0.01x2 + 20x + 300 dollars
where x is the number of units produced and sold.
(a) How many units of the product should be sold to obtain maximum profit?
(b) What is the maximum possible profit?
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Related Book For 
Mathematical Applications For The Management, Life And Social Sciences
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
ISBN: 9781337625340