Question
The revenue and cost functions for a particular product are given by Rx=-0.01x^2+70x and C(x)=0.0007x^3+20x+2800 where x is the number of units produced and sold.Find
The revenue and cost functions for a particular product are given by
Rx=-0.01x^2+70x
and
C(x)=0.0007x^3+20x+2800
wherexis the number of units produced and sold.Find a function to represent the profit as a function ofx, and determine the number of units that should be produced and sold in order to maximize profit.
The number of units that should be produced and sold is:
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Linear Algebra A Modern Introduction
Authors: David Poole
4th edition
1285463242, 978-1285982830, 1285982835, 978-1285463247
