The monthly demand function for x units of a product sold by a monopoly is p=6400-0.5x^2 dollars and average cost is C = 3,030 + 2x dollars. Production is limited to 100 units. Find the number of units that maximizes profits. Find the maximum profit.
The monthly demand function for x units of a product sold by a monopoly is p=6400-0.5x^2 dollars and average cost is C = 3,030 + 2x dollars. Production is limited to 100 units. Find the number of units that maximizes profits. Find the maximum profit.
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
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The monthly demand function for x units of a product sold by a monopoly is
p=6400-0.5x^2 dollars and average cost is
C = 3,030 + 2x dollars.
Production is limited to 100 units.
Find the number of units that maximizes profits.
Find the maximum profit.
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