If C(x) = 16000 + 500x − 3.2x^2 + 0.004x^3
is the cost function and
p(x) = 2900 − 8x is the demand function, find the production level that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue equals the marginal cost.) I have no idea hot to solve this, please help!

Question

If C(x) = 16000 + 500x − 3.2x^2 + 0.004x^3
is the cost function and
p(x) = 2900 − 8x is the demand function, find the production level that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue equals the marginal cost.) I have no idea hot to solve this, please help!

sparrow2 · Answer

p(x)=r(x)x(quantity) so r(x)=2900/x - 8  so take derivative of r(x) and c(x) they are equal

sparrow2 · Answer

are you business major? :D

anonymous · Answer

no Im a biology major, so I have to take calc 1

moazzam07 · Answer

i dont get it