What is the maximal profit for a certain product

Reference no: EM131006904

Assume that for a certain product, its price function of demanding is p(x) = 25 - 0.03 x, where x is the quantity of the products. The total cost is C(x) = 1500 + 10x. What is the maximal profit and at what x it can he attained? (Hint, the total profit is given by P(x) = xp(x) - C(x).)

Reference no: EM131006904

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What is the maximal profit for a certain product : Assume that for a certain product, its price function of demanding is p(x) = 25 - 0.03 x, where x is the quantity of the products. The total cost is C(x) = 1500 + 10x. What is the maximal profit and at what x it can he attained?

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