if am given a profit and demand function say, profit function p=0.3q2-0.5q-48 demand function P=50-0.25q i. how do i find output from the profit function using the quadratic formula ii. find the firm total profit when the output is produce what price should the firm charge to maximise profit

if am given a profit and demand function say, profit function p=0.3q2-0.5q-48 demand function P=50-0.25q i. how do i find output from the profit function using the quadratic formula ii. find the firm total profit when the output is produce what price should the firm charge to maximise profit

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter9: Polynomial And Rational Functions

Section9.4: Graphing Polynomial Functions

Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...

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Question

if am given a profit and demand function say,

profit function p=0.3q²-0.5q-48

demand function P=50-0.25q

i. how do i find output from the profit function using the quadratic formula

ii. find the firm total profit when the output is produce

what price should the firm charge to maximise profit

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