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Solution: What is the maximum profit when the profit-versus-production equation is given?

What is the maximum profit when the profit-versus-production equation is given?

Problem Statement: ME Board October 1996

What is the maximum profit when the profit-versus-production function is as given below? P is profit and x is unit of production.
P = 200.00 – x – (1.1/(x+1))^8

  • A. 285,000
  • B. 200,000
  • C. 250,000
  • D. 305,000

Problem Answer:

The maximum profit when the profit-versus-production equation is given is 200,000

Solution:

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