SOLUTION: Total profit=total revenue-total cost,
P(x)=r(x)-C(x)
Where x is the nyumber of units sold, find the maximum profit and the number of units that must be sold in order to yield th
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Question 451173: Total profit=total revenue-total cost,
P(x)=r(x)-C(x)
Where x is the nyumber of units sold, find the maximum profit and the number of units that must be sold in order to yield the maximum profit for
R(x)=5x, C(x)=0.001x^2+1.2x+60
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
I need to find the max of the function
This occurs at when the equation
has the form
When 1900 units are sold, the profit is a maximum
here's the graph:
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