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Math Help - optimization problem #3

  1. #1
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    optimization problem #3

    Hi i need help solving this problem...
    Compute the max profit when the demand function is p(x)=x^2-3x+2 and the total cost function is C(x)= 2x^3/3 - 1/2x^2-2x. Enter just a reduced fraction of form a/b.

    Can anyone solve this?
    Last edited by mr fantastic; April 18th 2010 at 07:14 PM. Reason: Edited post title.
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  2. #2
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    Quote Originally Posted by mike21 View Post
    Hi i need help solving this problem...
    Compute the max profit when the demand function is p(x)=x^2-3x+2 and the total cost function is C(x)= 2x^3/3 - 1/2x^2-2x. Enter just a reduced fraction of form a/b.

    Can anyone solve this?
    profit = revenue - cost

    revenue = (price)(number sold)
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