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April 23, 2014

April 23, 2014

Posted by **michael** on Monday, December 3, 2012 at 8:06pm.

a. How many lamps should be produced in order to maximize profit (prove this)?

b. What is the cost, in dollars, of producing the number of lamps that maximizes the profit?

c. What is the revenue, in dollars, of producing the number of lamp that maximizes the profit?

- calculus -
**Damon**, Monday, December 3, 2012 at 8:34pmP = R - C

P = -2500 + 8 x -.001 x^2

dP/dx = 8 - .002 x

for dP/dx = 0

x = 8/.002 = 4000

so make all you can, 2000

so do C and R with x = 2000

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