Blivets and p is measured in dollars. We Get Total revenue(measured in thousands of dollars) TR(q)=q*h(q). The total cost (measured in thousands of dollars ) of manufacturing Blivets Is given by the formula TC(q)= q+1. Due to the limited supply of raw material, we Cannot manufacture more than 3500 Blivets ( q=3.5) A) write the formula for TR(q) and TR'(q) ( simplify your answer as much as possible) b) find the value of q in the interval between q=0 and q=3.5 thousand blivets at which profit is greatest c) find the formula for Total profit p(q) of selling q thousand blivets d) b) find the value of q in the interval between q=0 and q=3.5 thousand blivets at which TR(q) reaches its largest
The demand curve for Blivets has the formula
P =h(q) = 12-4q
Where q is measured in thousand of Blivets and p is measured in dollars. We
Get Total revenue(measured in thousands of dollars)
TR(q)=q*h(q). The total cost (measured in thousands of dollars ) of manufacturing Blivets
Is given by the formula TC(q)= q+1. Due to the limited supply of raw material, we
Cannot manufacture more than 3500 Blivets ( q=3.5)
A) write the formula for TR(q) and TR'(q) ( simplify your answer as much as possible)
b) find the value of q in the interval between q=0 and q=3.5 thousand blivets at which profit is greatest
c) find the formula for Total profit p(q) of selling q thousand blivets
d) b) find the value of q in the interval between q=0 and q=3.5 thousand blivets at which TR(q) reaches its largest value
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