Question

For the given cost function
C(x)=7550+700 x + 1.8 x^2 and the demand function p(x) = 2100.
Find the production level that will maximize profit.

Answer 1

but i dont no how to

Answer 2

43303.0447

Answer 3

i dont think thats right

Answer 4

sorry

Answer 5

ok

Answer 6

hey

Answer 7

hey

Answer 8

so r u a boy

Answer 9

a girl

Answer 10

???

Answer 11

i am despreat

Answer 12

@rukh So what is Profit ?

Answer 13

i dont know. this is all the problem says

Answer 14

ho knows\\\\\\\\

Answer 15

i suppose u have to find profit some how which i dont know

Answer 16

What is the relation between profit and Cost?

Answer 17

well profit is equal to revenue minus cost

Answer 18

Great, how do find Revenue?

Answer 19

revenue is = P(which is demand)*x

Answer 20

Excellent! Show me your R (x) equation :)

Answer 21

rx eq is 2100x

Answer 22

Wow, then can you write Profit P(x) equation?

Answer 23

yes it (7550+700x+1.8x^2)-(2100x)

Answer 24

Actually P (x) = R (x) - C(x)
Simplify it, will you :)

Answer 25

i got the solution its 388.889

Answer 26

thanks for the brainstorming

Answer 27

Are you sure it's correct?

Answer 28

yes it is...thanks for ur help

Answer 29

think u can help with this one??

http://openstudy.com/study?signup#/updates/4f935981e4b000ae9ec9ffda