Question: Suppose that a revenue function is given as R(x)=7700x and a cost function is given asC(x)=x3+400x21200x+900forx2,where x is the number of items.What production level x

Suppose that a revenue function is given as R(x)=7700x and a cost function is given asC(x)=x3+400x21200x+900forx2,where x is the number of items.What production level x maximizes profit? Your answer should be the whole number that corresponds to the highest profit.Provide your answer below:$$x= items

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!

When Allen is tired of his nuclear family, he likes to spend time with his extended family and in particular his ___Blank and his ___Blank. Ruben has a special relationship with his mother and his...

Grades X Section X Section X Course X Topic: S X Section X Section X 1 1. Ther X & SOLVED X Hw: Sec X HW: Se X = 3.5 - GC x + X -> C...

Quiz 5A (Calculus) From Paul's Online Notes (Business Applications Practice Problems) (d) The profit function, P(x), is the difference in the revenue and the cost functions, in that order. The...

From Paul's Online Notes (Business Applications Practice Problems) The production costs, in dollars, per week of producing x widgets is given by C(x) = 4000 - 32x + 0.08x2 + 0.00006x3 and the...

Need help with 5 and 6 please Question 5 Suppose a company's revenue function is given by R(q) = -q3 + 390q2 and its cost function is given by C(q) = 480 + 15q, where q is hundreds of units...

Homework 2.9 Score: 0/6 0/6 answered 0 Question 1 v Suppose a company's revenue function is given by R(q) = Q3 + 320g2 and its cost function is given by C(q) = 500 + 13:}, where q is hundreds of...

Question Suppose that a revenue function is given as R ( x ) = 6 1 0 0 x and a cost function is given as C ( x ) = x 3 + 2 0 0 x 2 - 4 0 0 0 x + 1 9 1 0 0 for x 1 0 where x is the number of items....

4. [-I2 Points] DETAILS HARMATHAP12 2.1.015.Ml. Solve the equation by using the quadratic formula. (Enter your answers as a comma-separated list. If there is no real solution, enter NO REAL...

1. [-/3 Points] DETAILS HARMATHAP12 10.3.007.MI. MY NOTES Consider the following total revenue function for a hammer. R = 56x - 0.01x2 (a) The sale of how many hammers, x, will maximize the total...

GSB420 Class 2 Optimization Homework NAME _____________________ I. Optimization A leasing office has 200 apartments to rent. If they rent X apartments, their monthly profit (P), in dollars, is given...

Question one. Chepa's utility function is given by U (x, y) = ln x + 4 ln y. Assume that Chepa has endowments (10, 10) and that Py = 10 throughout the problem. I need help with questions G) and H)...

Delta Products has determined the following costs: Order processing (per order)............... $ 6.00 Additional handling costs if order marked rush (per order).... $10.00 Customer service calls (per...

Read the case study Bernie Madoff: How One Big Lie Can Destroy Thousands of Lives, and answer the question: Describe a ponzi scheme. Find several examples of other Ponzi schemes that have occumed in...

\ table [ [ , A , 8 , , c , , D , E ] , [ $ , Account,Debit,,Credit,,,Trial Bal ] , [ 8 , Cash, 2 0 , 3 4 0 . 0 0 , , , , , Balances fir ] , [ 7 , Accounts Beceivable, 4 , 2 2 5 , 0 0 , , , , , If...

18. Write out the put-call parity formula for a firm's stock, debt, and assets. How do the determinants of an option's value impact the present value of the firm's financial distress costs? Provide...