Thando furniture manufacturer, determines that in order to sell x chairs, the price per chair in rands must be p = 120 -0.003x. It determines that the total cost of producing x chairs is given by C(x) = 3000 + 70x + 0.005x². Find the price per chair that produces the maximum profit is R

Elementary Geometry For College Students, 7e
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Thando furniture manufacturer, determines that in order to
sell x chairs, the price per chair in rands must be
p = 1200.003x. It determines that the total cost of
producing x chairs is given by
C(x) = 3000 + 70x + 0.005x². Find the price per chair that
produces the maximum profit is R
Transcribed Image Text:Thando furniture manufacturer, determines that in order to sell x chairs, the price per chair in rands must be p = 1200.003x. It determines that the total cost of producing x chairs is given by C(x) = 3000 + 70x + 0.005x². Find the price per chair that produces the maximum profit is R
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