Find the quantity which maximizes profit if the total revenue is given by R(q) = 5q – 0.003q²and total cost is given by C(q) = 300 + 1.1q where q is quantity, 0 < q < 1000 units, and R(q) and C(q) are in dollars. Select one: 2000 650 400 O O O

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter8: Introduction To Functions
Section8.8: Linear And Quadratic Functions
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Find the quantity which maximizes profit if the total
revenue is given by R(q) = 5q – 0.003q²and total
cost is given by C(q)
quantity, 0 < q < 1000 units, and R(q) and C(q) are
300 + 1.1q where q is
in dollars.
Select one:
2000
650
400
Transcribed Image Text:Find the quantity which maximizes profit if the total revenue is given by R(q) = 5q – 0.003q²and total cost is given by C(q) quantity, 0 < q < 1000 units, and R(q) and C(q) are 300 + 1.1q where q is in dollars. Select one: 2000 650 400
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