A manufacturer estimates that its product can be produced at a total cost of C(x) = 45,000 + 100x + x3 dollars. If the manufacturer's total revenue from the sale of x units is R(x) = 5800x dollars, determine the level of production x that will maximize the profit. (Round your answer to the nearest whole number.) units Find the maximum profit. (Round your answer to the nearest dollar.) $

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Topic Video
Question
A manufacturer estimates that its product can be produced at a total cost of C(x) = 45,000 + 100x + x3 dollars. If the manufacturer's total revenue from the sale of x units is R(x) = 5800x dollars, determine the
level of production x that will maximize the profit. (Round your answer to the nearest whole number.)
units
Find the maximum profit. (Round your answer to the nearest dollar.)
2$
Transcribed Image Text:A manufacturer estimates that its product can be produced at a total cost of C(x) = 45,000 + 100x + x3 dollars. If the manufacturer's total revenue from the sale of x units is R(x) = 5800x dollars, determine the level of production x that will maximize the profit. (Round your answer to the nearest whole number.) units Find the maximum profit. (Round your answer to the nearest dollar.) 2$
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,