A manufacturer can sell x items per day at a price p rupee each, Where $p = 125 - \frac{5}{3}x$. The cost of production for x items is $500 + 13x + 0.2x^2$.
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Step 1: The revenue function is given by R(x) = p * x = (125 - 5/3 x) * x = 125x - 5/3 x^2. Show more…
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