A firm can produce 500 units per week. If its total cost function is C = 200 + 1000x dollars and its total revenue function is R = 1500x − x2 dollars, how many units, x, should it produce to maximize its profit?x = unitsFind the maximum profit.$

Name: A firm can produce 500 units per week. If its total cost function is C
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Description: A firm can produce 500 units per week. If its total cost function is C = 200 + 1000x dollars and its total revenue function is R = 1500x − x2 dollars, how many units, x, should it produce to maximize its profit?x = unitsFind the maximum profit.$

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Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter4: Systems Of Linear Equations

Section4.3: Solve Mixture Applications With Systems Of Equations

Problem 159E: The manufacturer of a water bottle spends $5 to build each bottle and sells them for $10. The...

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A firm can produce 500 units per week. If its total cost function is

C = 200 + 1000x

dollars and its total revenue function is

R = 1500x − x²

dollars, how many units, x, should it produce to maximize its profit?
x = units

Find the maximum profit.
$

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