Solve the problem.Suppose a business can sell x gadgets for p = 250 - 0.01x dollars apiece, and it costs the business
dollars to produce the x gadgets. Determine the production level and cost per gadget required to maximize profit.
A. 111 gadgets at $248.89 each
B. 10,000 gadgets at $150.00 each
C. 11,250 gadgets at $137.50 each
D. 13,750 gadgets at $112.50 each
Answer: C
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