Question 6. A division of chapman corporation manufacures a pager. The weekly fixed cost for the division is 20,000 dollars and the mariginal cost is MC(q) = 0.08q³+3.6q²+60q dollars per pager. The company realizes a weekly mariginal revenue of MR(q) = 0.28q³+76.2q, 0 < q≤ 75 dollars per pager. Find the level of production that will yield a maximum profit
Question 6. A division of chapman corporation manufacures a pager. The weekly fixed cost for the division is 20,000 dollars and the mariginal cost is MC(q) = 0.08q³+3.6q²+60q dollars per pager. The company realizes a weekly mariginal revenue of MR(q) = 0.28q³+76.2q, 0 < q≤ 75 dollars per pager. Find the level of production that will yield a maximum profit
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 7.4IP
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