Find the number of units x that produces a maximum revenue R
Find the number of units x that produces a maximum revenue R.
R = 171x2 0.06x3
x = units
Solution
here R =171x^2-0.06x^3
take derivative wrt x we get
R\'=(171)(2)x-(0.06)(3)x^2
=342x-0.18x^2
take R\'=0 to find maximum revenue
so 342x-0.18x^2=0
x(342-0.18x)=0
x=0,1900
x=0 is not possible
so x=1900 units produces to maximum revenue.
