Ask a New Question

If

C(x) = 18000 + 400x − 2.2x^2 + 0.004x^3
is the cost function and
p(x) = 2800 − 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.)

1 answer

profit = demand*price - cost

just a simple polynomial

Ask a New Question or answer this question.

Similar Questions

If C(x) = 12000 + 600x − 0.6x^2 + 0.004x^3is the cost function and p(x) = 1800 − 6x is the demand function, find the
1. 2 answers
If C(x) = 13000 + 600x − 1.8x^2 + 0.004x^3 is the cost function andp(x) = 4200 − 6x is the demand function, find the level
1. 1 answer
AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $48,000 and a production cost of $8 for each
1. 3 answers
The cost to produce x items is given by the function C(x) = 1200 + 8x + 0.01x^2.a) Write a function that represents the average
1. 2 answers

more similar questions