Revenue is given by R(q) = 450q and cost is given by C(q) = 10,000 + 3q

Question:

Revenue is given by R(q) = 450q and cost is given by C(q) = 10,000 + 3q2. At what quantity is profit maximized? What is the total profit at this production level?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

Question Posted: