A firm has monthly average costs, in dollars, given by 44,000 +200+x where x is the number of units produced per month. The firm can sell its product in a competitive market for $1800 per unit. If production is limited to 400 units per month, find the number of units that gives maximum profit. units Find the maximum profit.

A firm has monthly average costs, in dollars, given by 44,000 +200+x where x is the number of units produced per month. The firm can sell its product in a competitive market for $1800 per unit. If production is limited to 400 units per month, find the number of units that gives maximum profit. units Find the maximum profit.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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