Valdez Griffin
08/25/2024 · Middle School
Find the maximum profit and the number of units that must be produced and sold in order to yield the maximum profit. Assume that revenue, \( R(x) \), and cost, \( C(x) \), are in thousands of dollars, and \( x \) is in thousands of units. \( R(x)=8 x-4 x^{2}, C(x)=x^{3}-5 x^{2}+3 x+1 \)
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The maximum profit is \( \frac{148}{27} \) thousand dollars, and to achieve this, \( \frac{5}{3} \) thousand units must be produced and sold.
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