Question: 1 . A stocker plans to purchase calves ( X ) at $ 6 0 0 a head to feed and sell later to the

1. A stocker plans to purchase calves (X) at $600 a head to feed and sell later to the feedlot. Feed will cost 2X2 and other costs will be 40X. They can be sold to the feedlot at $800 a head. What is the optimal amount of calves that will maximize profit? Check your answer.

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