Choose the one alternative that best completes the statement or answers the question.
-Suppose a business can sell x gadgets for p = 250 - 0.01x dollars apiece, and it costs the business dollars to produce the x gadgets. Determine the production level and cost per gadget required to maximize profit.
A) 111 gadgets at $248.89 each
B) 13,750 gadgets at $112.50 each
C) 10,000 gadgets at $150.00 each
D) 11,250 gadgets at $137.50 each

Question

Choose the one alternative that best completes the statement or answers the question. 
-Suppose a business can sell x gadgets for p = 250 - 0.01x dollars apiece, and it costs the business  dollars to produce the x gadgets. Determine the production level and cost per gadget required to maximize profit.
A) 111 gadgets at $248.89 each 
B) 13,750 gadgets at $112.50 each 
C) 10,000 gadgets at $150.00 each 
D) 11,250 gadgets at $137.50 each

Quizplus · Accepted Answer

The Answer of Choose the one alternative that best completes the statement or answers the question. 
-Suppose a business can sell x gadgets for p = 250 - 0.01x dollars apiece, and it costs the business  dollars to produce the x gadgets. Determine the production level and cost per gadget required to maximize profit.
A) 111 gadgets at $248.89 each 
B) 13,750 gadgets at $112.50 each 
C) 10,000 gadgets at $150.00 each 
D) 11,250 gadgets at $137.50 each

Choose the One Alternative That Best Completes the Statement or Answers