find the price per unit p that produces the max profit P. Cost function is C = 35x + 500 Demand Function is p = 50 - 0.1(sqrt x) Please include full solution. Thanks
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Originally Posted by meli3000 find the price per unit p that produces the max profit P. Cost function is C = 35x + 500 Demand Function is p = 50 - 0.1(sqrt x) Please include full solution. Thanks So, you have a Cost function and a Demand function . Find a function of Total revenue Find a Profit-function Now find the derivative of the Profit-function and and find Finally, find the price per unit that produces the max profit
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