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Worksheet 24: Optimization
(b) If c(x) = 16;000 + 500x 31:6x2 + :004x is the cost function and p(x) = 1700 7xis the demand function, nd the production level that will maximize pro t. Note that the revenue function is given by xp(x){that is, the price p(x) times the number of items x.
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