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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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