An engineering firm recently estimated its total revenue function as TR = 300q - 6q2² and its total costs as TC = 4q².

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section: Chapter Questions
Problem 8CC: What does it mean to say that f(4) is a local maximum valueof f ?
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b) What is the quantity that maximizes TR?
Transcribed Image Text:b) What is the quantity that maximizes TR?
An engineering firm recently estimated its total revenue function as
TR = 300q - 6q²
and its total costs as
TC = 4q².
Transcribed Image Text:An engineering firm recently estimated its total revenue function as TR = 300q - 6q² and its total costs as TC = 4q².
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