Exercise 5.8.2 Suppose the daily profit a manufacturer realizes from selling q units is given by P(q) = −0.2q³ – 2q² + 1
Posted: Mon Jul 11, 2022 11:01 am
- Exercise 5 8 2 Suppose The Daily Profit A Manufacturer Realizes From Selling Q Units Is Given By P Q 0 2q 2q 1 1 (247.57 KiB) Viewed 38 times
Exercise 5.8.2 Suppose the daily profit a manufacturer realizes from selling q units is given by P(q) = −0.2q³ – 2q² + 1000 What is the maximum daily profit? Exercise 5.8.3 A manufacturer determines that the total cost C(q) of manufacturing q units per day is given by C(q) = 400+4q+0.00019² dollars. If each unit is sold at p=10-0.0004q dollars, what is the daily level of production that maximizes the daily profit?