At a certain factory, when K thousand dollars is invested in the plant, the production Q is
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At a certain factory, when K thousand dollars is invested in the plant, the production Q is changing at a rate given by
units per thousand dollars invested. When $8,000 is invested, the level of production is 5,500 units.
a. Find a formula for the level of production Q to be expected when K thousand dollars is invested.
b. How many units will be produced when $27,000 is invested?
c. What capital investment K is required to produce 7,000 units?
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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