Question 15 Marks
The demand function of a commodity is $x=75-\frac
{3 p}{5}$ and the total cost of producing $x$ units is
$\frac{x^2}{5}+13 x+1000$. Obtain the maximum profit.
{3 p}{5}$ and the total cost of producing $x$ units is
$\frac{x^2}{5}+13 x+1000$. Obtain the maximum profit.
Answer
View full question & answer→The price of mobile phone should be kept $₹ 10,000$ for
maximum profit.
Maximum profit $=680$ at $x=30$
maximum profit.
Maximum profit $=680$ at $x=30$