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What value of x maximizes profits

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Reference no: EM131566932

Question: A pharmaceutical firm produces penicillin. The sales price per unit is 200, while the cost of producing x units is given by

C(x) = 500000 + 80x + 0.003x2

The firm can produce at most 30 000 units. What value of x maximizes profits?

Reference no: EM131566932

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