Question
A manufacturer determines that between 0 and 1000 units can be made, and that the total cost of producing x units is C(x)=-0.01x +
A manufacturer determines that between 0 and 1000 units can be made, and that the total cost of producing x units is C(x)=-0.01x + 30x + 200, while the revenue will be R(x) = 23x. Find the profit function P(x) and determine the production level that will maximize profit.
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Probability and Random Processes With Applications to Signal Processing and Communications
Authors: Scott Miller, Donald Childers
2nd edition
123869811, 978-0121726515, 121726517, 978-0130200716, 978-0123869814
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