Question:- The demand function for a certain commodity is p(x) = 10 ? 0.001x, where p is

Fantastic news! We've Found the answer you've been seeking!

Question:

Question:- The demand function for a certain commodity is p(x) = 10 ? 0.001x,
where p is measured in dollars and x is the number of units produced and sold. The total cost of producing x items is C(x) = 50 + 5x
Determine the level of production that maximizes the profit.