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A Firm Can Produce 100 Units Per Week C=500+1400xC = 500 + 1400 x

Question 27

Multiple Choice

A firm can produce 100 units per week. If its total cost function is C=500+1400xC = 500 + 1400 x dollars, and its total revenue function is R=1500xx2R = 1500 x - x ^ { 2 } dollars, find the maximum profit.


A) $3886
B) $2000
C) $7007
D) $5503
E) $5836

Correct Answer:

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