Calculus
posted by Sarah .
The monthly demand function for a product sold by a monopoly is
p = 3750 − 1/3x^2 dollars, and the average cost is C = 1000 + 70x + 3x^2
dollars. Production is limited to 1000 units and x is in hundreds of units.
(a) Find the quantity that will give maximum profit.
(b) Find the maximum profit. (Round your answer to the nearest cent.)

Calculus  Incomplete 
Steve
profit = revenue  cost
revenue = price * quantity
cost = avg cost * quantity
No indication is given regarding price per unit. 
Calculus 
Sarah
I've done p= x(3750 − 1/3x^2) and C = x(1000 + 70x + 3x^2)
Profit= 3750x1/3x^31000x70x^23x^3= 2750x70x^24/3x^3
P'(x)= 2750140x12x^2
Then I did the Quadratic Formula and and got 22 but it's wrong 
Calculus 
Steve
There seems to be something wrong here.
It appears that x is the selling price, making
x(3750 − 1/3x^2) the revenue
But how can the average cost C be dependent on the selling price?
Are you somehow mixing up x, making it the price in one place and the quantity in another?
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