Question
The weekly cost of producing toys is TC= C (Q) = 1+2*Q^2 and the demand for your product is given by Q(P) = 4-0.5*P What
The weekly cost of producing toys is TC= C (Q) = 1+2*Q^2 and the demand for your product is given by Q(P) = 4-0.5*P
- What price and quantity should you produce to maximize profit?
- What profits do you expect to earn? (Please use graphs to support your answer)
Note: Please make sure to include how you solved for the inverse function p= 8-2Q . I'm so lost on that step onward
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
