The demand curve of a firm is p=1200 – 2lq and its total cost is C(q) = 2q° – 66q² + 600q +1000 where q is the output of the firm (in thousands). Is the rate of change of profit increasing or decreasing when the output level of the firm is 10,000 units? Determine the level of output at which profit is maximized.

The demand curve of a firm is p=1200 – 2lq and its total cost is C(q) = 2q° – 66q² + 600q +1000 where q is the output of the firm (in thousands). Is the rate of change of profit increasing or decreasing when the output level of the firm is 10,000 units? Determine the level of output at which profit is maximized.

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.

See similar textbooks