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The monthly demand function for x units of a product sold by a monopoly is p= 7000 -x² dollars per unit, and its average cost is C=3660+3x dollars. If production is limited to 131 units, find the number of units that maximizes profit. 45 units A) В) C) D) E) 131 units 61 units 85 units 34 units

The monthly demand function for x units of a product sold by a monopoly is p= 7000 -x² dollars per unit, and its average cost is C=3660+3x dollars. If production is limited to 131 units, find the number of units that maximizes profit. 45 units A) В) C) D) E) 131 units 61 units 85 units 34 units

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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4. The monthly demand function for x units of a product sold by a monopoly is p= 7000 – x² dollars per unit, and its average cost is C= 3660+3x dollars. If production is limited to 131 units, find the number of units that maximizes profit. A) В) C) D) E) 45 units 131 units 61 units 85 units 34 units
Transcribed Image Text:4. The monthly demand function for x units of a product sold by a monopoly is p= 7000 – x² dollars per unit, and its average cost is C= 3660+3x dollars. If production is limited to 131 units, find the number of units that maximizes profit. A) В) C) D) E) 45 units 131 units 61 units 85 units 34 units
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