Question
A firm can produce only 4500 units per month. The monthly total cost is given by C ( x ) = 400 + 200 x
A firm can produce only 4500 units per month. The monthly total cost is given by
C(x) = 400 + 200x
dollars, where x is the number produced. If the total revenue is given by
R(x) = 350x 1/100x^2
dollars, how many items, x, should the firm produce for maximum profit?
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
