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The marketing department of a company estimates that the demand for a product is given by p = 1000.0001 x , where p is the
The marketing department of a company estimates that the demand for a product is given byp= 1000.0001x,
wherepis the price per unit andxis the number of units. The costCof producingxunits is given by
C=310,000+25x
and the profitPfor producing and sellingxunits is given by
P=RC=xpC.
Use a graphing utility to estimate the number of units that would produce a maximum profit. (Round your answer to the nearest thousand.)
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