A community for students.
Here's the question you clicked on:
← 55 members online
 0 viewing
 3 years ago
Maximizing Profit: Supppose r(X) = X^2/(x^2+1) represents revenue and c(X)= (x1)^3/3 – 1/3 represents cost, with X measured in thousands of units. Is there a production level that maximizes profit? If so, what is it?
 3 years ago
Maximizing Profit: Supppose r(X) = X^2/(x^2+1) represents revenue and c(X)= (x1)^3/3 – 1/3 represents cost, with X measured in thousands of units. Is there a production level that maximizes profit? If so, what is it?

This Question is Closed

shaan_iitk
 3 years ago
Best ResponseYou've already chosen the best response.0Take r(x)  c(x) = p(x) .. Now apply maxima minima to p(x)

CypherRichard
 3 years ago
Best ResponseYou've already chosen the best response.0That's where i have trouble, subtracting (x^2/(x^2+1)  (x1)^3/3 – 1/3. After that I know I find the derivative and set it to zero to find the critical points.
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.