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

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

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

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

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

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

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

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

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

Awstinf
 2 years ago
Best ResponseYou've already chosen the best response.1Take 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

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

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