Given the given cost function C(x)=4850+780x+1x2C(x)=4850+780x+1x2 and the demand function p(x)=2340p(x)=2340. Find the production level that will maximize profit.

Q: The demand equation for a certain product is p = 6 - 1/2x thousand dollars. Find the level of…

A: We have, demand function given as px=6-12x We know that, If x units of a product are sold at a price…

Q: Suppose the supply curve for a certain brand of smartwatches is given by q = 0.06p + 255 and the…

A: Given: The supply curve of a certain brand of smart watches is q = 0.06 p + 255. The demand curve is…

Q: The revenue for tractors at a price of p dollars per tractor is R(p)=−0.5p^2+1900p+ 1000.  What…

A: Given :  R(p) = - 0.5p2 + 1900p + 1000

Q: suppose a company has fixed costs of 31,200$ and variable cost per unit of 1/3x +222 where x is…

A:

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Q: Find the point of diminishing returns for the revenue function

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A: Solution

Q: Suppose demand is given by p = 1600 − x. Find the maximum revenue.

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