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Question: An electric power plant uses solid waste for fuel in the production of electricity. The cost Y in dollars per hour to produce electricity is Y = 12 + 0.3X + 0.27X2, where X is in megawatts. Revenue in dollars per hour from the sale of electricity is 15X -0.2X2. Find the value of X that gives maximum profit.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92314071

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