Suppose the profit from the sale of x units of a product is P = 6400x – 18x2 - 400. (a) What level(s) of production will yield a profit of $61,800? (Enter your answers as a comma-separated list.
Suppose the profit from the sale of x units of a product is P = 6400x – 18x2 - 400. (a) What level(s) of production will yield a profit of $61,800? (Enter your answers as a comma-separated list.
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:Suppose the profit from the sale of x units of a product is P = 6400x – 18x² – 400.
(a) What level(s) of production will yield a profit of $61,800? (Enter your answers as a comma-separated list. Round your answers to two decimal places.)
X =
Transcribed Image Text:Suppose that a certain product has the following demand and supply functions.
p = -0.04g + 45
p = 0.04g + 10
Demand:
Supply:
If a $5 tax per item is levied, find the market equilibrium point after the tax.
(q, p) =
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