3. Suppose that the revenue in selling r tables is equal to 200x – 0.25x2 dollars, and producing a table costs 50 dollars each. If the overhead cost of producing the tables is 2,000 dollars, at what production level will the profit be maximized?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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3. Suppose that the revenue in selling r tables is equal to 200x - 0.25x2 dollars, and producing
a table costs 50 dollars each. If the overhead cost of producing the tables is 2,000 dollars, at
what production level will the profit be maximized?
Transcribed Image Text:3. Suppose that the revenue in selling r tables is equal to 200x - 0.25x2 dollars, and producing a table costs 50 dollars each. If the overhead cost of producing the tables is 2,000 dollars, at what production level will the profit be maximized?
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