You have been hired as a business analyst for Seko, an information technology company. The manager of Seko estimates that the annual profit of the company, in millions of dollars, is given by P(x)=2 ln(2x+1)+2x-²-0.3 where z is the number of IT consultants (in hundreds) in its employ. 2 Instructions Your responsibilities under this company are: 1. To find the number of consultants the firm should hire so that its profit is maximized. 2. To find the maximum profit.

You have been hired as a business analyst for Seko, an information technology company. The manager of Seko estimates that the annual profit of the company, in millions of dollars, is given by P(x)=2 ln(2x+1)+2x-²-0.3 where z is the number of IT consultants (in hundreds) in its employ. 2 Instructions Your responsibilities under this company are: 1. To find the number of consultants the firm should hire so that its profit is maximized. 2. To 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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Question

You have been hired as a business analyst for Seko, an information technology company.
The manager of Seko estimates that the annual profit of the company, in millions of dollars, is
given by
P(x)=2 ln(2x+1)+2x-²-0.3
where z is the number of IT consultants (in hundreds) in its employ.
2 Instructions
Your responsibilities under this company are:
1. To find the number of consultants the firm should hire so that its profit is maximized.
2. To find the maximum profit.

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