Some years ago, it was estimated that the demand for steel approximately satisfied the equation P = 256 – 50x And the total cost of producing x units of steel was C(x) = 182 + 56x Determine the level of production and the corresponding price that maximize the profits

/in /by

Some years ago, it was estimated that the demand for steel
approximately satisfied the equation P = 256 – 50x

And the total cost of producing x units of steel was C(x) = 182 + 56x

Determine the level of production and the corresponding price that
maximize the profits

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