A firm can produce 500 units per week. If its total cost function is C = 600 + 1200x dollars and its total revenue function is R = 1700x - x2 dollars, how many units, x, should it produce to maximize its profit? x3D units Find the maximum profit. $1

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.1: Systems Of Linear Equations: Two Variables
Problem 2SE: If you are performing a break-even analysis for a business and their cost and revenue equations are...
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A firm can produce 500 units per week. If its total cost function is C = 600 + 1200x dollars and its total revenue function is R = 1700x – x2 dollars, how many units, x, should it produce to maximize its profit?
X =
units
Find the maximum profit.
$
Transcribed Image Text:A firm can produce 500 units per week. If its total cost function is C = 600 + 1200x dollars and its total revenue function is R = 1700x – x2 dollars, how many units, x, should it produce to maximize its profit? X = units Find the maximum profit. $
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