Repeat Exercise 33 for C(q) = 2q 3 59q 2 + 4q + 7,600 and p
Question:
Repeat Exercise 33 for C(q) = 2q3 − 59q2 + 4q + 7,600 and p = 124 − 2q.
Data from Exercises 33
A manufacturer of machinery parts determines that q units of a particular piece will be sold when the price is p = 110 − q dollars per unit. The total cost of producing those q units is C(q) dollars, where
a. How much profit is derived from the sale of the q units at p dollars per unit?
b. For what value of q is profit maximized?
c. Find the consumers’ surplus for the level of production q0 that corresponds to maximum profit.
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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