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BigorU [14]
2 years ago
11

If a company charges x dollars per item, it finds that it can sell 1500 - 3x of them. Each item costs $8 to produce.

Mathematics
1 answer:
Shkiper50 [21]2 years ago
6 0

Step-by-step explanation:

According to that the number of produced items is (1500-3x) where x is the price

(a) the revenue is price*production

(1500-3x)x = 1500x-3x^2

(b) the cost is unitary cost*production

8x

(c) the profit is revenue - cost

1500x-3x^2 - 8x = 1492x - 3x^2

And according to that maximum profit is reached when the price is $249

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5.49
t=time
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