Find the value of x that gives maximum profit, Microeconomics

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Find the value of x that gives maximum profit

Problem

An electric power plant uses solid waste for fuel in the production of electricity. The cost Y in dollars per hour to produce electricity is Y = 12 + 0.3X + 0.27X², where X is in megawatts. Revenue in dollars per hour from the sale of electricity is 15X -0.2X². Find the value of X that gives maximum profit.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Find the value of x that gives maximum profit

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Microeconomics: Find the value of x that gives maximum profit

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