Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer all of them please Given revenue and cost functions R(q)=80q0.5q2 and C(q)=13q+550, find the maximum profit that can be earned by selling this product.

Answer all of them please image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Given revenue and cost functions R(q)=80q0.5q2 and C(q)=13q+550, find the maximum profit that can be earned by selling this product. The maximum profit is $ (Round to nearest integer.) Given revenue and cost functions R(q)=80q0.4q2 and C(q)=13q+600, find the maximum revenue that can be earned by selling this product. The maximum revenue is $ (Round to nearest cent.) The marginal profit is $ per item. (Round to two decimal places.) Given revenue and cost functions R(q)=70q0.5q2 and C(q)=15q+550, find the quantity when profit is maximized. The quantity is items. (Round answer to nearest item.) Given revenue and cost functions R(q)=90q0.4q2 and C(q)=15q+500, find the quantity that maximizes revenue. The quantity is (Round to nearest integer.) Given Cost and Revenue functions C(q)=q38q2+53q+5000 and R(q)=3q2+2600q, what cosis should the compary expect to cover if it maximizes profit? The costs would bes (Round to nearest cent)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Chemical Engineering Design And Analysis An Introduction

Authors: T. Michael Duncan, Jeffrey A. Reimer

1st Edition

0521639565, 9780521639569

More Books

Students also viewed these Chemical Engineering questions