applications of derivative #4

[Cherry]

A product can be produced at a total cost C(x) = 800=100x^2+x^3, where, x, is the number produced. If the total revenue is given by R(X) = 60,000x - 50x^2, determine the level of production that will maximize the profit. Find the maximum profit.

 

[happy]

One at a time, next time, please.

 

[wjm11]

Hello, Cherry,

How much of these problems do you already understand? Can you show us some of your work, so we know where to help you? Do you know how to find derivatives and understand what the derivatives represent? For example, I'm guessing the "MR" you mentioned in one problem may mean "marginal revenue," which I believe is the derivative of the revenue function. You can verify this by reading your book.