A company finds that it can sell out a certain product that if produces, at the rate of Tk. 2 per unit. It estimates the cost function of the product to be Tk. 1000 + ÷() for q units produced. i. Find the expression for the total profit, it q units are produced and sold. ii. Find the number of units produced that will maximum profit and what is the amount of this maximum profit? What would the profit if 6000 unit are produced?

A company finds that it can sell out a certain product that if produces, at the rate of Tk. 2 per unit. It estimates the cost function of the product to be Tk. 1000 + ÷() for q units produced. i. Find the expression for the total profit, it q units are produced and sold. ii. Find the number of units produced that will maximum profit and what is the amount of this maximum profit? What would the profit if 6000 unit are produced?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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