Profit maximizing level of output
Happy Planet drinks price change as the quantity sold changes. In particular p=10-0.005x. The total cost to produce the drinks are $2.50 per drink. Their production factory costs $1000 per month.
What is the profit maximizing level of output?
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Happy Planet drinks price change as the quantity sold changes. In particular p=10-0.005x. The total cost to produce the drinks are $2.50 per drink. Their production factory costs $1000 per month. What is the profit maximizing level of output?
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