If C X 12000 500x 3 2 0 004×3 Is The Cost Function And P X 4100 8x Is The Demand
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If C(X) = 12000 + 500x — 3.8)!2 + 0.004×3 is the cost function and p(x) = 4100 — 8x is the demand function, find the production level that willmaximize profit. (Hint: If the profit is maximized, then the marginal revenue equals the marginal cost.)units
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