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The annual profit for a firm depends upon the number of units produced .Specifically the functions which describes the relationshipbetween profit P ( states in
The annual profit for a firm depends upon the number of units produced .Specifically the functions which describes the relationshipbetween profit P ( states in dollars ) and the number of units produced X is
P = - 0.12+ 6,000x - 25,000,000
Determine the number of units x which will result in maximum profit.
What is the expected maximum profit?
(b) Given the demand function
q1 = f (- = 36,000 - 0.1- 0.5p
Determine the partial derivatives fand f
If = 20 and = 10, evaluate fand pand interpret their meaning.
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