Given the given cost function C(x)=8600+640x +0.5x² and the demand function p(x) 2 Find the production level that will maximize profit. Question Help: Video Submit Question = 1920.
Given the given cost function C(x)=8600+640x +0.5x² and the demand function p(x) 2 Find the production level that will maximize profit. Question Help: Video Submit Question = 1920.
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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Transcribed Image Text:Given the given cost function
C(x)
=
8600+640x+0.5x2 and the demand function p(x) =
= 1920.
Find the production level that will maximize profit.
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Transcribed Image Text:tab
A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $9 the average
attendance has been 28000. When the price dropped to $7, the average attendance rose to 35000. Assume
that attendance is linearly related to ticket price.
What ticket price would maximize revenue? $
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