8)Suppose the total cost of a certain product is C(x) = 0.001 x2+ 5x + 300. The product can be sold at a price of p dollars, where p = 8 - 0.003x. If all the products are sold, find the daily level of production that will yield a maximum profit.
8)Suppose the total cost of a certain product is C(x) = 0.001 x2+ 5x + 300. The product can be sold at a price of p dollars, where p = 8 - 0.003x. If all the products are sold, find the daily level of production that will yield a maximum profit.
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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8)Suppose the total cost of a certain product is C(x) = 0.001 x2+ 5x + 300. The product can be sold at a price of p dollars, where p = 8 - 0.003x. If all the products are sold, find the daily level of production that will yield a maximum profit.
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