A company finds that it can sell out a certain product that if produces, at the rate of Tk. 2 per unit. It estimates the cost function of the product to be Tk. 1000 + ÷() for q units produced. i. Find the expression for the total profit, it q units are produced and sold. ii. Find the number of units produced that will maximum profit and what is the amount of this maximum profit? What would the profit if 6000 unit are produced?

A company finds that it can sell out a certain product that if produces, at the rate of Tk. 2 per unit. It estimates the cost function of the product to be Tk. 1000 + ÷() for q units produced. i. Find the expression for the total profit, it q units are produced and sold. ii. Find the number of units produced that will maximum profit and what is the amount of this maximum profit? What would the profit if 6000 unit are produced?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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