The monthly profit from the sale of x units of a product is P = 60x -0.02x² - 14,000 dollars. (a) What level of production maximizes profit? 750 X units (b) What is the maximum possible profit? $8500 X

Advanced Engineering Mathematics
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The monthly profit from the sale of x units of a product is P = 60x -0.02x² 14,000 dollars.
(a) What level of production maximizes profit?
750
X units
(b) What is the maximum possible profit?
$ 8500
X
Transcribed Image Text:The monthly profit from the sale of x units of a product is P = 60x -0.02x² 14,000 dollars. (a) What level of production maximizes profit? 750 X units (b) What is the maximum possible profit? $ 8500 X
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