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LavineLim
Group Title
C (x) =72000 +60x
R (x) =200xx^2/30
find the profit function,level of production that will maximize the profit,the maximum profit.
 2 years ago
 2 years ago
LavineLim Group Title
C (x) =72000 +60x R (x) =200xx^2/30 find the profit function,level of production that will maximize the profit,the maximum profit.
 2 years ago
 2 years ago

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LavineLim Group TitleBest ResponseYou've already chosen the best response.0
Yes,Sheg.. First one is Cost function,second one is Revenue function..
 2 years ago

sheg Group TitleBest ResponseYou've already chosen the best response.0
what is profit???
 2 years ago

LavineLim Group TitleBest ResponseYou've already chosen the best response.0
i don't know..this question comes from my math's lecturer.. can you help me?
 2 years ago

sheg Group TitleBest ResponseYou've already chosen the best response.0
ok Profit = Revenue  Cost
 2 years ago

LavineLim Group TitleBest ResponseYou've already chosen the best response.0
can you show me the steps to answer this question?
 2 years ago

sheg Group TitleBest ResponseYou've already chosen the best response.0
yeah i can just subtract cost function from the revenue function
 2 years ago

LavineLim Group TitleBest ResponseYou've already chosen the best response.0
Sheg,i still have a lot of math question need your help.. Can i ask here too?
 2 years ago

sheg Group TitleBest ResponseYou've already chosen the best response.0
hey this question is still not complete
 2 years ago

LavineLim Group TitleBest ResponseYou've already chosen the best response.0
okay,i ask you later.. thanks you..=)
 2 years ago

Awstinf Group TitleBest ResponseYou've already chosen the best response.1
Take the derivative of of profit, set the derivative equal to zero then do an increasing decreasing test to see whether or not you got a max or a min, usually it will be a max anyways but its always good to show your work
 2 years ago

Awstinf Group TitleBest ResponseYou've already chosen the best response.1
the roots of the function will be the max or the min
 2 years ago

Awstinf Group TitleBest ResponseYou've already chosen the best response.1
the derivative that is
 2 years ago

Awstinf Group TitleBest ResponseYou've already chosen the best response.1
also that x value you find is the level of production
 2 years ago
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