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The production of a certain product has Cost function C(x)=16000 +120x–0.022x and a price- 3 quantity relationship p=520– x. SHOW ALL WORK for full credit. 20 a) Construct the Revenue and Profit functions b) Determine the estimated change in Profits at a production level of 1000 c) Find the Maximum Profit

The production of a certain product has Cost function C(x)=16000 +120x–0.022x and a price- 3 quantity relationship p=520– x. SHOW ALL WORK for full credit. 20 a) Construct the Revenue and Profit functions b) Determine the estimated change in Profits at a production level of 1000 c) Find the Maximum Profit

Calculus: Early Transcendentals
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 production of a certain product has Cost function C(x)=16000 +120x–0.022x and a price- 3 quantity relationship p=520– x. SHOW ALL WORK for full credit. 20 a) Construct the Revenue and Profit functions b) Determine the estimated change in Profits at a production level of 1000 c) Find the Maximum Profit
Transcribed Image Text:The production of a certain product has Cost function C(x)=16000 +120x–0.022x and a price- 3 quantity relationship p=520– x. SHOW ALL WORK for full credit. 20 a) Construct the Revenue and Profit functions b) Determine the estimated change in Profits at a production level of 1000 c) Find the Maximum Profit
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