Solution: What is the maximum profit when the profit-versus-production equation is given?

What is the maximum profit when the profit-versus-production function is as given below? P is profit and x is unit of production. P = 200.00 - x - (1.1/(x+1))^8

What is the maximum profit when the profit-versus-production equation is given?

Problem Statement: ME Board October 1996

What is the maximum profit when the profit-versus-production function is as given below? P is profit and x is unit of production.

P = 200.00 - x - (1.1/(x+1))^8

Problem Answer:

The maximum profit when the profit-versus-production equation is given is 200,000

Solution:

Online Questions and Answers in Differential Calculus (MAXIMA-MINIMA & TIME RATES)


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