a manufacturer finds that for the first 500 units of its product that are produced and sold, the profit is 70 dollars per unit. the profit on each of the units beyond 500 is decreased by 0.10 times the number of additional units sold. what level of output will maximize profit?
a manufacturer finds that for the first 500 units of its product that are produced and sold, the profit is 70 dollars per unit. the profit on each of the units beyond 500 is decreased by 0.10 times the number of additional units sold. what level of output will maximize profit?
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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a manufacturer finds that for the first 500 units of its product that are produced and sold, the profit is 70 dollars per unit. the profit on each of the units beyond 500 is decreased by 0.10 times the number of additional units sold. what level of output will maximize profit?
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