1. Suppose that the cost and revenue functions for a company from producing $x$ units are given by $C (x) = 2250 + 3.5 x + 0.004 x^{2}, R (x) = 12.2 x - 0.002 x^{2}$ Find (a) The production level that maximizes profit. (b) The maximum profit.

Question

1. Suppose that the cost and revenue functions for a company from producing

x

units are given by

C (x) = 2250 + 3.5 x + 0.004 x^{2}, R (x) = 12.2 x - 0.002 x^{2}

Find (a) The production level that maximizes profit. (b) The maximum profit.

Accepted Answer

Expert Answer to -  1. Suppose that the cost and revenue functions for a company from producing x units are given by C(

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Solution for -  1. Suppose that the cost and revenue functions for a company from producing x units are given by C(

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This an additional answer to -  1. Suppose that the cost and revenue functions for a company from producing x units are given by C(

(Solved): 1. Suppose that the cost and revenue functions for a company from producing x units are given by C( ...