Problem Four: A company sells soda cans estimates that the cost of producing x cans is givenbyC(x) = 48000 + 0.28x – 0.0001x2andtheisgivenbyrevenueR(x) = 1.68x – 0.0011x². Find how many cans should be sold to maximize the profit.

When one additional or marginal unit is generated and sold, a firm or person earns a marginal…

Problem Four: A company sells soda cans estimates that the cost of producing x cans is given by C(x) = 48000 + 0.28x – 0.0001x² and the is given by revenue R(x) = 1.68x – 0.0011x². Find how many cans should be sold to maximize the profit.

Problem Four: A company sells soda cans estimates that the cost of producing x cans is given by C(x) = 48000 + 0.28x – 0.0001x² and the is given by revenue R(x) = 1.68x – 0.0011x². Find how many cans should be sold to maximize the profit.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 20SQ

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Question

Problem Four: A company sells soda cans estimates that the cost of producing x cans is given
by
C(x) = 48000 + 0.28x – 0.0001x2
and
the
is
given
by
revenue
R(x) = 1.68x – 0.0011x². Find how many cans should be sold to maximize the profit.

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