Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size is q = 4000 − 250p and his total cost function is C(q) = 500 + 0.2q How many 750ml bottles of dish washing liquid should Teddy J produce per month if he wishes to maximize his profits.
Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size is q = 4000 − 250p and his total cost function is C(q) = 500 + 0.2q How many 750ml bottles of dish washing liquid should Teddy J produce per month if he wishes to maximize his profits.
Chapter10: Cost Functions
Section: Chapter Questions
Problem 10.7P
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Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml
size is q = 4000 − 250p and his total cost function is C(q) = 500 + 0.2q
How many 750ml bottles of dish washing liquid should Teddy J produce
per month if he wishes to maximize his profits.
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