For a monopolist's product, the cost function is c = 0.004q+20q+8000 and the demand function is p=450-6q. Find the profit-maximizing output. The profit-maximizing output is. (Round to the nearest whole number as needed.)

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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For a monopolist's product, the cost function is c = 0.004q³ +20q+8000 and the demand function is p = 450-6q. Find the profit-maximizing output.
The profit-maximizing output is.
(Round to the nearest whole number as needed.)
Transcribed Image Text:3 For a monopolist's product, the cost function is c = 0.004q³ +20q+8000 and the demand function is p = 450-6q. Find the profit-maximizing output. The profit-maximizing output is. (Round to the nearest whole number as needed.)
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