A firm’s revenue after selling q items is given by R(q) = 2q3 +36q while the firm’s costs after making q items is C(q) = 3q^2 −10. (a) If the firm can make a maximum of 4 units, how many units should the firm make to maximize profit. What is the profit at this point? (b) If the firm can make a maximum of 10 units, how many units should the firm make to maximize profit?
A firm’s revenue after selling q items is given by R(q) = 2q3 +36q while the firm’s costs after making q items is C(q) = 3q^2 −10. (a) If the firm can make a maximum of 4 units, how many units should the firm make to maximize profit. What is the profit at this point? (b) If the firm can make a maximum of 10 units, how many units should the firm make to maximize profit?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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A firm’s revenue after selling q items is given by R(q) = 2q3 +36q while the firm’s costs after making q items is C(q) = 3q^2 −10.
(a) If the firm can make a maximum of 4 units, how many units should the firm make to maximize profit. What is the profit at this point?
(b) If the firm can make a maximum of 10 units, how many units should the firm make to maximize profit?
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