A Certain Company Has Cost Function $C ( x ) = 1000 + 2 x + 0.01 x ^ { 2 }$

question 84

Short Answer

A certain company has cost function $C ( x ) = 1000 + 2 x + 0.01 x ^ { 2 }$ and demand function $P ( x ) = 74 - 0.02 x$ . Find the production level x that will yield a maximum profit.

---

Definitions:

Control

The process of directing, regulating, or managing activities or systems to achieve desired outcomes.

Availability

The degree to which a system, service, or resource is accessible and usable upon demand.

SaaS

Short for Software as a Service, a cloud computing model wherein software applications are hosted by a service provider and made available to customers over the internet.

ASP

Application Service Provider, a business providing computer-based services to customers over a network such as access to a particular software application using a standard protocol like HTTP.