Solve the Problem. -Suppose a Business Can Sell X Gadgets for P =

question 350

Multiple Choice

Solve the problem.
-Suppose a business can sell x gadgets for p = 250 - 0.01x dollars apiece, and it costs the business c(x) = 1000 + 25x dollars to produce the x gadgets. Determine the production level and cost per gadget required
To maximize profit.

• A) 111 gadgets at $248.89 each
• B) 13,750 gadgets at $112.50 each
• C) 10,000 gadgets at $150.00 each
• D) 11,250 gadgets at $137.50 each

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Definitions:

Non Est Factum

A legal defense claiming that a signed agreement is invalid because the signer was unaware of its true nature due to a significant mistake or misrepresentation.

Extended Warranty

An additional warranty that covers the repair or replacement of items beyond the standard warranty period.

Chequing Account

A bank account from which money can be quickly withdrawn using checks, debit cards, or electronic methods.

Misrepresentation

A false statement or lie that deceives, misleads, or misinforms someone, often leading to contractual agreements based on incorrect information.