Mathematics, 28.01.2021 20:10 JazminFarris1038
The demand equation for a com- pany is p = 200 − 3x, and the cost function is C(x) = 75 + 80x − x2 , 0 ≤ x ≤ 40.
(a) Determine the value of x and the corresponding price that maximize the profit.
(b) If the government imposes a tax on the company of $4 per unit quantity produced, determine the new price that maximizes the profit
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The demand equation for a com- pany is p = 200 − 3x, and the cost function is C(x) = 75 + 80x − x2 ,...
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