Mathematics, 03.03.2020 17:59 alanrojas0142007
Suppose a company’s revenue function is given by R(q)= -q^3 + 10q^2 and it’s cost function is given by C(q)= 140 +18q where q is hundreds of units sold/ produced while R(q) and C(q) are in total dollars of revenue and cost, respectively.
A) find simplified expression for the marginal profit function
MP(q)=
B) how many items in hundreds need to be sold to maximize profits?
Answers: 2
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Suppose a company’s revenue function is given by R(q)= -q^3 + 10q^2 and it’s cost function is given...
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