Under perfect competition a firm can sell at a price of $200 per unit all of a particular commodity it produces. If C(x) dollars is the total cost of each day's production when x units are produced, and (x)=2x^2+40x+1400, find the number of units that should be produced daily for the firm to have the greatest daily profit. Hint: total profit equals total revenue minus total cost

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
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Under perfect competition a firm can sell at a price of $200 per unit all of a particular commodity it produces. If C(x) dollars is the total cost of each day's production when x units are produced, and (x)=2x^2+40x+1400, find the number of units that should be produced daily for the firm to have the greatest daily profit. Hint: total profit equals total revenue minus total cost

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