A Factory Produces 2000 Products Each Month

question 6

Essay

A factory produces 2000 products each month. The expenses on each product are and the income from each product is . For each additional product beyond the first 2000 products, the income for each product reduces by (for example, for 2001 products the income from each product is ).
A) Find the profit in a month for which additional product are produced.
B) How many additional products should be produced to obtain maximum profit in a month?

• A) Find the profit in a month for which additional product are produced.
• B) How many additional products should be produced to obtain maximum profit in a month?

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Definitions:

Administrative Law

The body of law that governs the activities of administrative agencies of government, including rulemaking, adjudication, or enforcement of a regulatory agenda.

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Directives issued by the President of the United States, or by the leader of a state or organization, that have the force of law and are used to manage operations and policies.

Governmental Controls

Regulations and policies implemented by a government to manage and control business practices, market entry, or trade.

Diversity Management Initiatives

Strategies and practices aimed at creating and managing a diverse workforce to improve company culture and drive business results.