The following demand and cost functions are given: x = 6000 30 p and C(x) = 72000
Fantastic news! We've Found the answer you've been seeking!
Question:
The following demand and cost functions are given: x = 6000 30 p and C(x) = 72000 + 60x Where x is the quantity demanded, p is the price, and C(x) is the total cost of producing the quantity x.
Find the revenue function, R(x) and the point where the tangent to the curve of the revenue function is horizontal. What is the equation of that tangent?
Posted Date: