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LavineLim

C (x) =72000 +60x R (x) =200x-x^2/30 find the profit function,level of production that will maximize the profit,the maximum profit.

  • one year ago
  • one year ago

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  1. LavineLim
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    Yes,Sheg.. First one is Cost function,second one is Revenue function..

    • one year ago
  2. sheg
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    what is profit???

    • one year ago
  3. LavineLim
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    i don't know..this question comes from my math's lecturer.. can you help me?

    • one year ago
  4. sheg
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    ok Profit = Revenue - Cost

    • one year ago
  5. LavineLim
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    can you show me the steps to answer this question?

    • one year ago
  6. sheg
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    yeah i can just subtract cost function from the revenue function

    • one year ago
  7. LavineLim
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    Sheg,i still have a lot of math question need your help.. Can i ask here too?

    • one year ago
  8. sheg
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    hey this question is still not complete

    • one year ago
  9. LavineLim
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    okay,i ask you later.. thanks you..=)

    • one year ago
  10. Awstinf
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    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

    • one year ago
  11. Awstinf
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    the roots of the function will be the max or the min

    • one year ago
  12. Awstinf
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    the derivative that is

    • one year ago
  13. Awstinf
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    also that x value you find is the level of production

    • one year ago
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