The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and xrepresents the number of units . R(x) = −0.2x2 + 172x C(x) = 78x + 10065 (a) How many items must be sold to maximize the revenue?(b) What is the maximum revenue?
The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and xrepresents the number of units . R(x) = −0.2x2 + 172x C(x) = 78x + 10065 (a) How many items must be sold to maximize the revenue?(b) What is the maximum revenue?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: Production And Costs
Section21.4: Costs Of Production: Total, Average, Marginal
Problem 1ST
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The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and xrepresents the number of units .
R(x) = −0.2x2 + 172x
C(x) = 78x + 10065
(a) How many items must be sold to maximize the revenue?
(b) What is the maximum revenue?
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