Problema Solution
Given the following revenue and cost functions, find the x-value that makes profit a maximum. (Recall that profit equals revenue minus cost.) R(x)=58x-2x^2; C(x)=21x+109
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Given the following revenue and cost functions, find the x-value that makes profit a maximum. (Recall that profit equals revenue minus cost.) R(x)=58x-2x^2; C(x)=21x+109
Solution:
Profit = 58x-2x^2 - 21x - 109
= -2x^2 + 37x - 109
Maximum at: x = -b/2a = 37/4 = 9.25