I need some help on this equation:
$x\;$: Output Quantity
$CF\;$: Cost Function:
$CF(x)=5000+100x-\frac{x^2}{24}\;\leftrightarrow\;0\leq x\leq1600$
Now, I've already noticed that it sounds a litte bit strange, but, how can I calculate and find the maximum point of the output production quantity, instead of calculating the maximum marginal or total revenue in this situation? Please, show me how to approach and solve this problem.
Thank you for reading this and helping us all about...
PS: The problem asks for the maximum production point here.