Determine how many permits to issue

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Horsehead, Massachusetts lies on a bay inhabited by lobsters. The town council issues permits for trapping lobsters and is trying to determine how many permits to issue. Assume that is costs $2,000 to operate a lobster boat and that if there are x boats in the bay, total revenue per month will be T R(x) = 1000(10x − x^2).

Reference no: EM131101277

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