Thread: 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?

Originally Posted by mike21

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)