Answered step by step
Verified Expert Solution
Question
1 Approved Answer
14) Suppose that the cost (in dollars) to manufacture x items is given by the following function: C(x) =x3 - 0.45x2 + 0.35x + 20000
14) Suppose that the cost (in dollars) to manufacture x items is given by the following function: C(x) =x3 - 0.45x2 + 0.35x + 20000 . The revenue for one item is $18,000 . a) Find the production level that will maximize the profit. Round your answer to the nearest integer. X = b) Use the answer in part (a) to calculate the maximum profit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started