A manufacturer estimates that its product can be produced at a total cost of C(x) = 55,000 + 100x + x3 dollars. If the manufacturer's total revenue from the sale of x units is R(x) = 5500x dollars, determine the level of production x that will maximize the profit.
A manufacturer estimates that its product can be produced at a total cost of C(x) = 55,000 + 100x + x3 dollars. If the manufacturer's total revenue from the sale of x units is R(x) = 5500x dollars, determine the level of production x that will maximize the profit.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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A manufacturer estimates that its product can be produced at a total cost of
C(x) = 55,000 + 100x + x3 dollars.
If the manufacturer's total revenue from the sale of x units is
R(x) = 5500x dollars,
determine the level of production x that will maximize the profit.
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