Question
A firm has monthly average costs, in dollars, given by C = 40,000 x + 200 + x where x is the number of units
A firm has monthly average costs, in dollars, given by
C =
| 40,000 |
| x |
+ 200 + x
where x is the number of units produced per month. The firm can sell its product in a competitive market for $1500 per unit. If production is limited to 200 units per month, find the number of units that gives maximum profit. x = units Find the maximum profit. $
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
