Question
1. Suppose C(x) is a function representing the cost (in dollars) of producing x units of energy, and R(x) is a function representing the revenue
1. Suppose C(x) is a function representing the cost (in dollars) of producing x units of energy, and R(x) is a function representing the revenue (in dollars) of selling x units of energy. Suppose further that both functions are continuous for all x > = 0.
a. Is there necessarily some x value, let's call it C, that will maximize profit over all x > = 0? Explain your answer.
B. Suppose we know we can't produce more than 1,000 units of energy. Is there necessarily some x-value, call it C, that will maximize profit over the interval [0,1000]? Explain your answer.
C. Again, assume that we can't produce more than 1,000 units of energy. Is there necessarily some x value, let's call it C, for which the profit is exactly 0? Explain your answer
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