Question: 821 Hello Experts, please help this MCQ (Multiple Choice Question). I will give Like for you answer :) Thank you A shop sold a product

 821 Hello Experts, please help this MCQ (Multiple Choice Question). I

821 Hello Experts, please help this MCQ (Multiple Choice Question). I will give Like for you answer :) Thank you

A shop sold a product at RM5 a unit. The total cost function, C(x) in ringgit for the product when x units are produced and sold is given as c(x) 70+ x + 0.001x2 where x is the level of output. Find the level of output which will maximize profit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!