The revenue function for a product is R(x) = 164x dollars and the cost function for the

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The revenue function for a product is R(x) = 164x dollars and the cost function for the product is

C(x) = 0.01x² + 20x + 300 dollars

where x is the number of units produced and sold.

(a) How many units of the product should be sold to obtain maximum profit?

(b) What is the maximum possible profit?

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Nov 05, 2020 06:36 AM

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The revenue function for a product is R(x) = 164x dollars and the cost function for the

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Mathematical Applications For The Management, Life And Social Sciences

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