The demand equation for a quantity q of a product at price p, in dollars, is p

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The demand equation for a quantity q of a product at price p, in dollars, is p = −5q + 4000. Companies producing the product report the cost, C, in dollars, to produce a quantity q is C = 6q + 5 dollars.
(a) Express a company’s profit, in dollars, as a function of q.
(b) What production level earns the company the largest profit?
(c) What is the largest profit possible?

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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

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Question Posted: Apr 11, 2023 03:35 AM

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The demand equation for a quantity q of a product at price p, in dollars, is p

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a In dollars the revenue earned is R pq 5q 400...View the full answer

Applied Calculus

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