Question
Asked Mar 5, 2019
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A company produces chocolate Easter bunnies at a cost per unit of 0.60 + 0.005x dollars, where x is the number produced. If the price on the competitive market for a bunny this size is $5.00, how many should the company produce to maximize its profit?

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Expert Answer

Step 1

The cost function per chocolate bunnies is 0.60 + 0.005x in dollars and x be the number of item produced in the company.

Step 2

Obtain the total cost as follows.

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Step 3

Obtain the marginal co...

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Math

Calculus

Derivative

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