The monthly demand function for x units of a product sold by a monopoly is p = 6400 − 1/2x2 dollars, and its average cost is C = 3010 + 2x dollars. If production is limited to 100 units, find the number of units that maximizes profit. (Round your answer to the nearest whole number.) units
The monthly demand function for x units of a product sold by a monopoly is p = 6400 − 1/2x2 dollars, and its average cost is C = 3010 + 2x dollars. If production is limited to 100 units, find the number of units that maximizes profit. (Round your answer to the nearest whole number.) units
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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The monthly demand function for x units of a product sold by a monopoly is
p = 6400 − 1/2x2 dollars,
and its average cost is
C = 3010 + 2x dollars.
If production is limited to 100 units, find the number of units that maximizes profit. (Round your answer to the nearest whole number.)
units
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