Solution-Determining the maximize profit

Determining the maximize profit

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You have designed a new Easter egg and want to sell the eggs in a local market. You estimate the total cost of your operation to be represented by the cost equation C(x) = x² - 10x, where x is the number of items sold. Furthermore, the equation you use for the price per item is given by p(x) = 2x + 1000. Determine how many items you need to sell to maximize profit (note that Profit = Revenue - Cost and Revenue = Quantity times the price per item.

Reference no: EM131054011

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Determining the maximize profit : Determine how many items you need to sell to maximize profit (note that Profit = Revenue - Cost and Revenue = Quantity times the price per item.

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Determining the maximize profit

Reference no: EM131054011

Reference no: EM131054011

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