The selling price P of an item is 100 – 0.02x dollars, where x is the number of items producedper day. If the cost C of producing and selling x items is 40x+15, 000 dollars per day, how manyitems should be produced and sold every day in order to maximize the profit?

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Answered: The selling price P of an item is 100-…

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 selling price P of an item is 100- 0.02x dollars, where x is the number of items produced per day. If the cost C of producing and selling a items is 40x+15, 000 dollars per day, how many items should be produced and sold every day in order to maximize the profit?