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
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
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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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