Asked by Grace
If C(x) = 13000 + 600x − 1.8x^2 + 0.004x^3 is the cost function and
p(x) = 4200 − 6x is the demand function, find the level of output that maximizes utility. (Hint: If utility is maximized, then marginal revenue equals marginal cost.)
p(x) = 4200 − 6x is the demand function, find the level of output that maximizes utility. (Hint: If utility is maximized, then marginal revenue equals marginal cost.)
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Answered by
mathhelper
define "utility", not familiar with this kind of math
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