A manufacturer knows that when he charges p dollars per unit for his product, he will be able to sell x = 380 - 20 p X What price should the units. He also estimates that at this level of production, his average cost is A(x) = 5+ 50 manufacturer charge in order to maximize profit? O $13 O $14 $15 O $16

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A manufacturer knows that when he charges p dollars per unit for his product, he will be able to sell x = 380 - 20 p
X
units. He also estimates that at this level of production, his average cost is A(x) = 5 +
What price should the
50
manufacturer charge in order to maximize profit?
O $13
$14
O $15
O $16
Transcribed Image Text:A manufacturer knows that when he charges p dollars per unit for his product, he will be able to sell x = 380 - 20 p X units. He also estimates that at this level of production, his average cost is A(x) = 5 + What price should the 50 manufacturer charge in order to maximize profit? O $13 $14 O $15 O $16
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