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Mathematics, 03.12.2020 19:50, 1074885
1. If the total cost function for a product is C(x) = 200(0.02x + 6)3 dollars, where x represents the number of hundreds of units produced, producing how many units will minimize average cost?
2. A firm can produce only 3900 units per month. The monthly total cost is given by C(x) = 500 + 200x dollars, where x is the number produced. If the total venue is given by R(x) = 450x-1/100x^2 dollars, how many items, x, should the firm produce for maximum profit?
3. If the profit function for a product is P(x) = 3600x + 60x2 ? x3 ? 72,000 dollars, selling how many items, x, will produce a maximum profit?.
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1. If the total cost function for a product is C(x) = 200(0.02x + 6)3 dollars, where x represents th...
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