Given the given cost function C(x)=8600+640x +0.5x² and the demand function p(x) 2 Find the production level that will maximize profit. Question Help: Video Submit Question = 1920.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.3: Systems Of Nonlinear Equations And Inequalities: Two Variables
Problem 4SE: If you graph a revenue and cost function, explain how to determine in what regions there is profit.
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Given the given cost function
C(x)
=
8600+640x+0.5x2 and the demand function p(x) =
= 1920.
Find the production level that will maximize profit.
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Transcribed Image Text:Given the given cost function C(x) = 8600+640x+0.5x2 and the demand function p(x) = = 1920. Find the production level that will maximize profit. Question Help: Video Submit Question
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A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $9 the average
attendance has been 28000. When the price dropped to $7, the average attendance rose to 35000. Assume
that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $
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Transcribed Image Text:tab A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $9 the average attendance has been 28000. When the price dropped to $7, the average attendance rose to 35000. Assume that attendance is linearly related to ticket price. What ticket price would maximize revenue? $ Question Help: Video Submit Question esc MacBook Pro @ # $ % & 8888880 2 3 4 5 6 7 Q W ERTY
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