Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1)Suppose the Sunglasses Hut Company has a profit function given by P(q)=-0.03q^2 +5q-25, where q is the number of thousands of pairs os sunglasses sold
1)Suppose the Sunglasses Hut Company has a profit function given by P(q)=-0.03q^2 +5q-25, where q is the number of thousands of pairs os sunglasses sold and produced, and P(q) is the total profit, in thousands of dollars, from selling and producing q pairs of sunglasses.
A) How many pairs of sunglasses (in thousands) should be sold to maximize profits?
B)What are the actual maximum profits(in thousands) that can be expected?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started