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QUESTION

In order to sell x units of your product, the price per product must be p(x) = 235 0. The cost of producing x products is given by C(x) = 4000 + 0.

1. In order to sell x units of your product, the price per product must be p(x) = 235 − 0.2x. The cost of producing x products is given by C(x) = 4000 + 0.5x2.(a) The average revenue, the average cost, and the average profit when x items are produced. (b) The rate at which average profit is changing when 10 items are produced. (c) How many products must you sell in order to maximize profit? (d) What must you price your products at in order to achieve this maximum product?

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