Solution) A liquid form of penicillin manufactured by a pharmaceutical firm is sold in bulk at a price of $200
Question: A liquid form of penicillin manufactured by a pharmaceutical firm is sold in bulk at a price of $200 per unit. If the total production cost (in dollars) for x units is: C(x) = 500,000 + 80x + 0.003x2, and if the production capacity of the firm is at most 30,000 units in a specified time, how many units of penicillin must be manufactured and sold in that time to maximize the profit?
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Solution: The solution consists of 1 page
Deliverable: Word Document
Deliverable: Word Document