is the cost function and
p(x) = 4000 − 7x
Mathematics, 19.06.2020 09:57 princesstn28oqlfir
If
C(x) = 18000 + 400x − 2.8x2 + 0.004x3
is the cost function and
p(x) = 4000 − 7x
is the demand function, find the production level that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue equals the marginal cost.)
Answers: 3
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You know the right answer?
If
C(x) = 18000 + 400x − 2.8x2 + 0.004x3
is the cost function and
p(x) = 4000 − 7x
is the cost function and
p(x) = 4000 − 7x
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