Is there a formula for problems like these? How do I even begin to solve it?
1 answer:
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Answer:
63 units
Step-by-step explanation:
The profit function P(x) is given by the revenue function minus the cost function:
The number of units sold 'x' for which the derivate of the profit function is zero, is the number of units that maximizes profit:
The number of units that should be manufactured so that profit is maximum is 63 units.