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.
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First one is Cost function,second one is Revenue function..
what is profit???
i don't know..this question comes from my math's lecturer..
can you help me?
Not the answer you are looking for? Search for more explanations.
Profit = Revenue - Cost
can you show me the steps to answer this question?
yeah i can just subtract cost function from the revenue function
Sheg,i still have a lot of math question need your help..
Can i ask here too?
hey this question is still not complete
okay,i ask you later..
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
the roots of the function will be the max or the min
the derivative that is
also that x value you find is the level of production