T thatguy47 Junior Member Joined Aug 11, 2008 Messages 69 Oct 23, 2008 #1 For the given cost and demand function, find the production level that will maximize profit. C(x) = 680 + 4x + 0.01x^2, p(x) = 12 The answer is 400 and whatever I do, I cant get that answer.
For the given cost and demand function, find the production level that will maximize profit. C(x) = 680 + 4x + 0.01x^2, p(x) = 12 The answer is 400 and whatever I do, I cant get that answer.
tkhunny Moderator Staff member Joined Apr 12, 2005 Messages 11,325 Oct 25, 2008 #2 You need Revenue. Can you use Demand to create that? You need Profit. Can you use Cost and Revenue to create that?
You need Revenue. Can you use Demand to create that? You need Profit. Can you use Cost and Revenue to create that?
