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A firm has monthly average costs, in dollars, given by 42,000 C= + 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 500 units per month, find the number of units that gives maximum profit. X = 500 units Find.the.maximum profit. Enter a number. Need Help? Read It Watch It

A firm has monthly average costs, in dollars, given by 42,000 C= + 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 500 units per month, find the number of units that gives maximum profit. X = 500 units Find.the.maximum profit. Enter a number. Need Help? Read It Watch It

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A firm has monthly average costs, in dollars, given by 42,000 C = X + 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 500 units per month, find the number of units that gives maximum profit. X = 500 units Find.the.maximum profit. Enter a number. Need Help? Read It Watch It
Transcribed Image Text:A firm has monthly average costs, in dollars, given by 42,000 C = X + 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 500 units per month, find the number of units that gives maximum profit. X = 500 units Find.the.maximum profit. Enter a number. Need Help? Read It Watch It
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