Explanation Given information: The cost is C ( x ) = 18500 + 8.45 x and the selling price is p ( x ) = 165 − 0.02 x . Calculation: Consider the cost of producing. C ( x ) = 18500 + 8.45 x ……. (1) Consider the selling price. p ( x ) = 165 − 0.02 x ……. (2) The revenue function is, R ( x ) = x p ( x ) = x ( 165 − 0.02 x ) = 165 x − 0

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ISBN: 9781524916817

Author: SMITH KARL J, STRAUSS MONTY J, TODA MAGDALENA DANIELE

Publisher: Kendall Hunt Publishing

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Chapter 4.7, Problem 4PS

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Chapter 4 Solutions

Calculus

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The level of production for maximization of profit.

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