Question
A companys market research department recommends the manufacture and marketing of a new headphone set for the iPhone XS . After suitable test marketing, the
A companys market research department recommends the manufacture and marketing of a new headphone set for the iPhone XS.
After suitable test marketing, the research department presents the following demand function...
p = 75 - 2q
The financial department provides the cost function below...
C(q) = 82 + 17q
where $82 is the estimate of fixed costs (tooling and overhead) and $17 is the estimate of marginal costs per headphone set (materials, labor, marketing, transportation, storage, etc.).
Find the number, q, of units that produces maximum profit.
(Round to the nearest whole number.)
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