Question: A one-product firm estimates that its daily total cost function (in suitable units) is C( x) =56,000+85x and its total revenue function is R(x) =345x-0.2

  1. A one-product firm estimates that its daily total cost function (in suitable units) is C(x)=56,000+85x and its total revenue function is R(x) =345x-0.2x^2 . Find the value of x that maximizes the daily profit.

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