Mathematics, 16.10.2020 06:01 sokalotus
Given the weekly demand curve of a local wine producer is p= 50-0.1q, and that the total cost function is c= 1500+ 10q, where q bottles are produced each day and sold at a price of $p per unit. a)Express the weekly profit as a function of price. b) at what price must a bottle of wine be sold to realise maximum profit. c) what is the maximum profit that ca be made by the producer
Answers: 3
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Given the weekly demand curve of a local wine producer is p= 50-0.1q, and that the total cost functi...
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