For the given cost function
C(x)=8600+360 x + 1.5 x^2 and the demand fuction p(x) = 1080.
Find the production level that will maximaze profit.
I have scoured the internet, but no where can I find a relationship between these equations. If applicable, the derivative of C(x) is 360+3x
C(x)=8600+360 x + 1.5 x^2 and the demand fuction p(x) = 1080.
Find the production level that will maximaze profit.
I have scoured the internet, but no where can I find a relationship between these equations. If applicable, the derivative of C(x) is 360+3x