chiazw601uum
New member
- Joined
- Dec 23, 2020
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A company has established that the revenue function in Ringgit Malaysia is R(x) = 2[x][/3] + 40[x][/2] + 8x and the cost function in Ringgit Malaysia is C(x) = 3[x][/3] + 19[x][/2] + 80x - 800.
i) Find the level of production that will yield a maximum profit for the company.
i) Find the level of production that will yield a maximum profit for the company.
ii) Find the price per unit to maximize the profit.