How many units of the product should be sold to obtain

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Reference no: EM131793694

The revenue function for a product is R(x) = 164x dollars and the cost function for the product is

C(x) = 0.01x² + 20x + 300 dollars

where x is the number of units produced and sold.

(a) How many units of the product should be sold to obtain maximum profit?

(b) What is the maximum possible profit?

Reference no: EM131793694

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