Known function for the total product requested by a person is TU = 1000X - 5X 2
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Question:
Known function for the total product requested by a person is TU = 1000X - 5X 2
A. how many X units must be increased to achieve the highest satisfaction? and what is the maximum satisfaction?
b. If the price of X per unit is $100 what is the number of units of X must be consumed in order to meet maximum satisfaction? What is the maximum satisfaction?
Expert Answer:
Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
