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.

Name: The monthly demand function for x units of a product sold by a monopol
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Description: The monthly demand function for x units of a product sold by a monopoly isp=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.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter3: Functions And Graphs

Section: Chapter Questions

Problem 16T

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