Question
A manufacturer of power supplies estimates that it will incur a total cost of C ( q ) = 2300 + 2 q + 0.006
A manufacturer of power supplies estimates that it will incur a total cost of C(q) =2300+2q+0.006q2 dollars when producingqpower supplies, and it will collect
R(q) =16q0.003q2 dollars in revenue.
(a) What is a function for the profitPthe manufacturer can expect after producingqpower supplies.
P(q) =
(b) Find the marginal cost and marginal revenue functions.
marginal cost =
marginal revenue =
(c) How many power supplies should the manufacturer produce in order to maximize profit?
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Essentials of Business Analytics
Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
2nd edition
ISBN: 1305627733, 978-1305861817, 1305861817, 978-0357688960, 978-1305627734
