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- If C(x) = 14000+ 400x - 1.6x + 0.00423 is the cost function and p(x) = 1600 7x is the demand function, find
- If C(x) = 14000+ 400x - 1.6x + 0.00423 is the cost function and p(x) = 1600 7x is the demand function, find the production level that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue equals the marginal cost.) units
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