A firm can produce only 2900 units per month. The monthly total cost is given by C(x) = 400 + 200x dollars, where x is the number produced. If the total revenue is given by R(x) = 350x − 1/100 x2 dollars, how many items, x, should the firm produce for maximum profit? a. x =______ items b. Find the maximum profit

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
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A firm can produce only 2900 units per month. The monthly total cost is given by

C(x) = 400 + 200x

dollars, where x is the number produced. If the total revenue is given by

R(x) = 350x − 1/100 x2

dollars, how many items, x, should the firm produce for maximum profit?
a. x =______ items

b. Find the maximum profit.

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