A large corporation with monopolistic control in the marketplace has its average daily costs, in dollars, given by C = 1100 + 100x + x². X The daily demand for x units of its product is given by p = 60,000 - 50x dollars. Find the quantity that gives maximum profit. X = units Find the maximum profit. $ What selling price should the corporation set for its product? $ Submit Answer

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter7: Rational Expressions And Functions
Section7.5: Solve Applications With Rational Equations
Problem 7.106TI: Xander’s new business found that the daily demand for its product was inversely proportional to the...
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A large corporation with monopolistic control in the marketplace has its average daily costs, in dollars, given by
1100
+ 100x + x².
X
=
The daily demand for x units of its product is given by p = 60,000 - 50x dollars. Find the quantity that gives maximum profit.
X =
units
Find the maximum profit.
$
What selling price should the corporation set for its product?
Submit Answer
Transcribed Image Text:A large corporation with monopolistic control in the marketplace has its average daily costs, in dollars, given by 1100 + 100x + x². X = The daily demand for x units of its product is given by p = 60,000 - 50x dollars. Find the quantity that gives maximum profit. X = units Find the maximum profit. $ What selling price should the corporation set for its product? Submit Answer
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