Michael P.
asked • 05/21/21Solving a math problem.
For a certain company, the cost for producing x items is 35x+300 and the revenue for selling x items is 75x-0.5^2.
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1 Expert Answer
Raymond B. answered • 04/01/23
Tutor
5
(2)
Math, microeconomics or criminal justice
R-C
= 75x -.5x^2 - 35x -300
= 40x -.5x^2 -300
(R-C)' = 40-x=0
x=40= profit maximizing output level
max profit=40(40)-.5(40)^2-300
= $500
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Joseph G.
I'm assuming the question is: What is the Profit? In that case, profit is revenue minus costs, but your revenue numbers do not make sense (75x-0.5^2)05/23/21