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Some years ago it was estimated that the demand for steel approximately satisfied the equation p = 193 15x, and the total cost of producing
Some years ago it was estimated that the demand for steel approximately satisfied the equation p = 193 15x, and the total cost of producing x units of steel was C(x)=144 +43); {The quantity in: was measured in millions of tons and the price and total cost were measured in millions of dollars.) Determine the level of production and the corresponding price that maximize the prots. The maximum prot occurs at x: (million tons)
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