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A company manufactures and sells Q items per month. The monthly cost and price- demand functions are: TC(Q)=4,000+35Q Wh
Posted: Sat Jul 09, 2022 2:25 pm
by answerhappygod
- A Company Manufactures And Sells Q Items Per Month The Monthly Cost And Price Demand Functions Are Tc Q 4 000 35q Wh 1 (48.91 KiB) Viewed 66 times
A
company manufactures and sells Q items per month. The monthly cost and price- demand functions are: TC(Q)=4,000+35Q What is the maximum revenue? Use 3-step optimization process: 1. Find the critical values of the function the is to be optimized 2. Use second-derivative condition to eliminate unwanted critical values 3. Find the optimal value of the function. Q P(Q)=57- 86 Round to the nearest cent. (2 d.p.) Answer: $