Question
If
C(x) = 13000 + 500x − 3.2x2 + 0.004x3
is the cost function and
p(x) = 2900 − 8x
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
C(x) = 13000 + 500x − 3.2x2 + 0.004x3
is the cost function and
p(x) = 2900 − 8x
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
Answers
so, find where d/dx (xP) = dC/dx
200
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