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A manufacturer offers price per unit based on, order quantity “x” as per following...
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R(x)=revenue function= x.p(x)=x(20-.001x)
differntiate P(x) ,w.r.t. x
for maximum profit P'(x)=0
Thus x=7500 will give max profit.
Posted by pramodpandey on April 19, 2013 at 6:23 AM (Answer #2)
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