Find the maximum profit and the number of units that must be produced and sold in order to achieve that profit. Assume that revenue, R(x), and cost, C(x) are in dollars and x is the number of units. R(x) = 50x – 0.5x², C(x) = 10x + 3 %3D (A Maximun profit = $896, Number of units = 65 units Ma ximun profit $670, Number of units = 80 units (c) Maximum profit $797, Number of units = 40 units Maximum profit $452, Number of units = 30 units

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
icon
Related questions
Topic Video
Question
100%
Question 6
Find the maximum profit and the number of units that must be produced and sold
in order to achieve that profit. Assume that revenue, R(x), and cost, C(x) are in
dollars and x is the number of units.
R(x) = 50x – 0.5x², C(x) = 10x + 3
%3D
A
Maximun profit
$896, Number of units = 65 units
%3D
B
В
Maximun profit
$670, Number of units
80 units
%3D
%3D
C
Maximum profit
$797, Number of units = 40 units
%3D
Maximum profit = $452, Number of units
30 units
%3D
Transcribed Image Text:Question 6 Find the maximum profit and the number of units that must be produced and sold in order to achieve that profit. Assume that revenue, R(x), and cost, C(x) are in dollars and x is the number of units. R(x) = 50x – 0.5x², C(x) = 10x + 3 %3D A Maximun profit $896, Number of units = 65 units %3D B В Maximun profit $670, Number of units 80 units %3D %3D C Maximum profit $797, Number of units = 40 units %3D Maximum profit = $452, Number of units 30 units %3D
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage