Find the level of production that will maximize revenue if


A producer finds that demand for his commodity obeys a linear demand equation p + 2x = 100 where p is in dollars and x in thousands of units.

(a) Find the level of production that will maximize revenue. If the producer s costs are given by C(x) = 2 + 3x what should his level of production be to maximize profits?

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Find the level of production that will maximize revenue if
Reference No:- TGS01559238

Expected delivery within 24 Hours