‹ Back to the paper
A product can be manufactured at a total cost , where is the number of units produced. The price at…
A product can be manufactured at a total cost $C(x) = \frac{x^2}{100} + 100x + 40$, where $x$ is the number of units produced. The price at which each unit can be sold is given by $P = \left(200 - \frac{x}{400}\right)$. Determine the production level $x$ at which the profit is maximum. What is the price per unit and total profit at the level of production?
Answer
No answer yet.
From ISC 2018 Mathematics Paper 1, question 21(a).