Question: Given the given cost function C(x)=7800830x1.2x2 and the demand function p(x)=2490.Find the production level that will maximize profit.

Given the given cost function C(x)=7800830x1.2x2 and the demand function p(x)=2490.Find the production level that 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 Mathematics Questions!

Q:

Revenue Model Profit Model www Cost Model Tedd wrthwycontain the inden C. Read m to decided the NOTE The weekly profit model has roots at: -52.789,- 47.655, and a = 202.941. rounded to 3 decimal...

Q:

Hello. Please help me solve these. Thank 1) A company manufactures and sells a: widgets per week. The weekly price-demand function is: p(m) = 23 2:. :1. Find the marginal revenue mction. R'(m) = :]...

Q:

Brieflly solve the following question 7 Question 5 Consider the following situation. It is common knowledge between Players 1 and 2 that tomorrow one of three states will occur: a, b or c. It is also...

Q:

here are some attachments i need handled please answer all of them with no plagiarism please ECN7200 MANAGERIAL ECONOMICS Homework Assignment Summer 2014 Name:...

Q:

Cost-revenue-profit analysis Ponderosa Development Corporation (PDC) is a small real estate developer that builds only one style house.The selling price of the house is $115,000. Land for each house...

Q:

Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: p is the wholesale price in dollars) of a sleeping bag for a...

Q:

The graphs of the revenue, R (@), and cost function , C (x), for the production and sale of & units are shown below. The cost function is the straight line, and the revenue function is the curve....

Q:

we are looking at a company that offers its goods in a market with well-functioning competition. The company's cost function C (x) can be written: C (x) = 0.5cx ^ 2 + F Where x is production, F is...

Q:

We are looking at a company that offers its goods in a market with well-functioning competition. The company's cost function C (x) can be written C = 0.5cx ^ 2 + F Where x is production, F is fixed...

Q:

HERES MY GUIDE FOR MY QUESTIONS Model Development Models Used in Economics Cost function C (x) 3?- is the cost of producing x units of the commodity. Revenue function R(x) )'v' is the revenue...

Q:

Donna is married to Don and they have two children, Danielle, age 25, and Susan, age 15. Donna earns 250,000 annually while Don earns 100,00. Danielle works full time and earns 30,000 annually while...

Q:

If liquid pressure were the same at all depths, would there be a buoyant force on an object submerged in the liquid? Explain.

Q:

Fish Biology 5525 Assignment #2 25 pts Blog Post Assignment: A major advancement in ichthyology Being able to identify major advancements in various fields of science and communicate the significance...

Q:

Which of the following are possible threats to internal validity for a One-group posttest-only design? History Maturation Instrumentation Testing Regression to the mean Mortality/Attrition Selection