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Determine the level of production that maximizes the profit

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The demand function for a certain commodity is P(x) = 119 - 0.876*x, where P is measured in dollars and x is the number of units produced and sold. The total cost of producing x items is C(x) = 437 + 0.008x. Determine the level of production that maximizes the profit.

Reference no: EM133056177

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