A firm has monthly average costs, in dollars, given by 41,000 + 300 + x where x is the number of units produced per month. The firm can sell its product in a competitive market for $1900 per unit. If production is limited to 550 units per month, find the number of units that gives maximum profit x units Find the maximum profit.

College Algebra (MindTap Course List)
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ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
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Chapter1: Equations And Inequalities
Section1.2: Applications Of Linear Equations
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A firm has monthly average costs, in dollars, given by
41,000
+ 300 + x
where x is the number of units produced per month. The firm can sell its product in a competitive market for $1900 per unit. If production is limited to 550 units per month, find the number of units that gives maximum profit.
X =
X units
Find the maximum profit.
$
Transcribed Image Text:A firm has monthly average costs, in dollars, given by 41,000 + 300 + x where x is the number of units produced per month. The firm can sell its product in a competitive market for $1900 per unit. If production is limited to 550 units per month, find the number of units that gives maximum profit. X = X units Find the maximum profit. $
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