Thando furniture manufacturer, determines that in order tosell x chairs, the price per chair in rands must bep = 1200.003x. It determines that the total cost ofproducing x chairs is given byC(x) = 3000 + 70x + 0.005x². Find the price per chair thatproduces the maximum profit is R

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Answered: Thando furniture manufacturer,…

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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Thando furniture manufacturer, determines that in order to sell x chairs, the price per chair in rands must be p = 120 -0.003x. It determines that the total cost of producing x chairs is given by C(x) = 3000 + 70x + 0.005x². Find the price per chair that produces the maximum profit is R