Maximizing Profit

[Arktum]

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

 

[Deleted member 4993]

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

What is the equation (expression) for "profit" - derived from cost function and demand function.?

 

[Arktum]

Not sure. This is the problem in its entirety.

 

[Deleted member 4993]

Not sure. This is the problem in its entirety.

To be able to solve the problem - you need to know that.

What does your text book say - what does your class notes say?

 

[Arktum]

This isn't in the text book, and I was gone for the notes. I can try to get a copy if that would help, but I was told this was fairly common economics math. It is entirely possible that I was misinformed, however.