The demand equation of a product and the total of production are given by p = 35 – 0.05x, C = 5x+ 3000 Find the maximum profit. 5000 300 O 1500 O 200

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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The demand equation of a product and the total of production are given by
p = 35 – 0.05x, C = 5x+ 3000
Find the maximum profit.
5000
300
O 1500
O 200
Transcribed Image Text:The demand equation of a product and the total of production are given by p = 35 – 0.05x, C = 5x+ 3000 Find the maximum profit. 5000 300 O 1500 O 200
Expert Solution
Step 1

To find the maximum profit.

 

Step 2

Given information:

Calculus homework question answer, step 2, image 1

Step 3

Calculation:

Revenue is,

Calculus homework question answer, step 3, image 1

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