10. The management of a company estimates that the cost (in RM) to produce x units of a certain product is given by C(x) = 0.015x² +10x+ 300. The revenue (in RM) generated after selling x units of this product is R(x) = 60x – 0.01x². Find a) the maximum profit. b) the selling price per unit in order to maximize the profit. c) the level of production so that the average cost is minimum.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Answers A) RM24700 B) RM50 C) 141 Units
The management of a company estimates that the cost (in RM) to produce x units of a
certain product is given by C(x) = 0.015x² +10x+300. The revenue (in RM) generated
10.
after selling x units of this product is R(x)= 60x –- 0.01x². Find
a) the maximum profit.
b) the selling price per unit in order to maximize the profit.
c) the level of production so that the average cost is minimum.
Transcribed Image Text:The management of a company estimates that the cost (in RM) to produce x units of a certain product is given by C(x) = 0.015x² +10x+300. The revenue (in RM) generated 10. after selling x units of this product is R(x)= 60x –- 0.01x². Find a) the maximum profit. b) the selling price per unit in order to maximize the profit. c) the level of production so that the average cost is minimum.
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