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What is the maximum profit that can be achieved

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Question: An electric power plant uses solid waste for fuel in the production of electricity. Total cost in dollars per hour to produce electricity is: TC = 12 + 0.3X + 0.27X2, where X is in megawatts. Total revenue in dollars per hour from the sale of electricity is: TR = 15X - 0.2X2

1. Find the value of x that gives maximum profit?

2. What is the maximum profit that can be achieved?

Reference no: EM131869879

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