3. A firm can produce only 1000 units per month. The monthly total cost is given by C(x) = 300 + 200x, where x is the number produced. If the total revenue is given by R(x) = 250x - x², how many items,x, should the firm produce for maximum profit? Find the maximum profit. 100
3. A firm can produce only 1000 units per month. The monthly total cost is given by C(x) = 300 + 200x, where x is the number produced. If the total revenue is given by R(x) = 250x - x², how many items,x, should the firm produce for maximum profit? Find the maximum profit. 100
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.CT: Chapter Test
Problem 4CT
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![3. A firm can produce only 1000 units per month. The monthly total cost is given by C(x) = 300 + 200x,
where x is the number produced. If the total revenue is given by R(x) = 250x - x², how many
items,x, should the firm produce for maximum profit? Find the maximum profit.
100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcc0e3ddf-88c9-41f5-a656-57cde1663a84%2F7877cde1-e2d4-417c-ae11-0a999fe2ff62%2F8ffwo5p_processed.png&w=3840&q=75)
Transcribed Image Text:3. A firm can produce only 1000 units per month. The monthly total cost is given by C(x) = 300 + 200x,
where x is the number produced. If the total revenue is given by R(x) = 250x - x², how many
items,x, should the firm produce for maximum profit? Find the maximum profit.
100
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