What Value of X Gives a Maximum for

question 1

Multiple Choice

What value of x gives a maximum for ? Restrict your attention to the horizontal span of 0 to 80.Round your answer to two decimal places. ​

• A) 65.48
• B) 19.82
• C) 68.68
• D) 18.23

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Definitions:

Futures Price

The agreed-upon price for a financial instrument or commodity to be delivered and paid for at a future date.

Orange Juice

A liquid extract of the orange tree fruit, consumed as a beverage or used in culinary dishes and as a commodity traded on futures markets.

Futures Contracts

Standardized legal agreements to buy or sell a financial instrument or physical commodity at a predetermined future date and price.

Profit (Loss)

The financial gain or loss resulting from revenue generated minus the expenses of operating the business.