Business, 18.04.2020 02:06 uc22912

The daily cost of producing and selling expensive tourist souvenirs is C(q) = 20q^1.5 + 100. The demand function for the souvenirs is P = 1200/q^.5 .
A. Calculate the marginal cost of producing the souvenirs.
B. Calculate the marginal revenue from selling the souvenirs. (remember revenue is p times q)
C. If the sellers goal is to maximize profits, how many souvenirs should they produce and what price should they charge?

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The daily cost of producing and selling expensive tourist souvenirs is C(q) = 20q^1.5 + 100. The dem...

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