Now suppose in a competitive market the demand function is p+1200-2x and the supply function is p =200+2x. Suppose a firms average cost is C(X) =100/x +150 +x. Find the number x to make, to maximize profit. how much is that maximim profit?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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Now suppose in a competitive market the demand function is p+1200-2x and the supply function is p =200+2x. Suppose a firms average cost is C(X) =100/x +150 +x. Find the number x to make, to maximize profit. how much is that maximim profit?

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