Question

A firm sells each unit of a product for $250. The cost function which describes the total cost C as a function of the number of units produced and sold x is



C(x) = 50x + 0.1x2 +150



a) Formulate the profit function P(x).



b) How many units should be produced and sold in order to maximize the total

profit?



c) What is total revenue at this level of output?



d) What is total cost at the level of output?

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Answer 1

Answer:

I didn't have enough time to answer the question sorry