Question
Known function for the total product requested by a person is TU = 1000X - 5X 2 A. how many X units must be increased
Known function for the total product requested by a person is TU = 1000X - 5X 2
A. how many X units must be increased to achieve the highest satisfaction? and what is the maximum satisfaction?
b. If the price of X per unit is $100 what is the number of units of X must be consumed in order to meet maximum satisfaction? What is the maximum satisfaction?
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
