A firm has found from past experience that its profit in terms of number of unit X produces is given by –*+ 729x + 2700 Find the value of x that maximizes the profit and the profit per unit of product, when this maximum level is achieved.

A firm has found from past experience that its profit in terms of number of unit X produces is given by –*+ 729x + 2700 Find the value of x that maximizes the profit and the profit per unit of product, when this maximum level is achieved.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 21P

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A firm has found from past experience that its profit in terms of number of unit X produces
is given by –*+ 729x + 2700
Find the value of x that maximizes the profit and the profit per unit of product, when this
maximum level is achieved.

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