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A company is increasing the production of a product at the rate of 20 units per week. The demand and cost functions for the product
A company is increasing the production of a product at the rate of 20 units per week. The demand and cost functions for the product are given by
p = 50 0.01x
and
C = 3000 + 40x 0.03x2,
where x is the number of units produced per week. Find the rate of change of the profit with respect to time (in dollars per week) when the weekly sales are
x = 700 units.
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