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Mathematics, 07.03.2020 02:24 angie07253
Some years ago it was estimated that the demand for steel approximately satisfied the equation p equals 201 minus 20 x, and the total cost of producing x units of steel was Upper C (x )equals 153 plus 41 x. (The quantity x was measured in millions of tons and the price and total cost were measured in millions of dollars.) Determine the level of production and the corresponding price that maximize the profits.
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