Question: A certain company has cost function C(x) = 4200 + 5.10x + .0001x 2 and demand function p(x) = 25 .01x. Find the production level
A certain company has cost function C(x) = 4200 + 5.10x + .0001x 2 and demand function p(x) = 25 .01x. Find the production level x that will yield a maximum profit. (Hint: Revenue = xp(x), and Profit = Revenue - Cost)
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