Business
Business, 02.01.2020 18:31, tdluong157

You have noticed that paying higher wages attracts more productive employees. however, you are concerned that there may be a limit to this relationship. some experimentation has convinced you that the relationship between daily wages paid (x) and profits can be modelled by the equation profit = 50x − 0.5x2 + .001x3 + 200. the range of wages you are willing to consider is from $0 to $500 per day. determine the level of wages that will maximize profit.

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