Question
1.The total revenue and total cost for a product are related to production, x by: TR = 14x - x 2 + 2000 TC =
1.The total revenue and total cost for a product are related to production, x by:
TR = 14x - x2 + 2000
TC = x3 - 15x2 + 1000
How many units should the company make to:
a.Maximize total revenue
b.Minimize total cost
c.Maximize profit
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
