A company operates two plants which manufacture the same item and whose total cost functions are C1=7+0.02q 21 and C2=4.4+0.03q 21, where q1 and q2 are the quantities produced by each plant. The total quantity demanded, q=q1+q2 , is related to the price, p , by p=60−0.03q. How much should each plant produce in order to maximize the company's profit? q1= q2=
A company operates two plants which manufacture the same item and whose total cost functions are C1=7+0.02q 21 and C2=4.4+0.03q 21, where q1 and q2 are the quantities produced by each plant. The total quantity demanded, q=q1+q2 , is related to the price, p , by p=60−0.03q. How much should each plant produce in order to maximize the company's profit? q1= q2=
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A company operates two plants which manufacture the same item and whose total cost functions are
C1=7+0.02q 21 and C2=4.4+0.03q 21,
where q1 and q2 are the quantities produced by each plant. The total quantity demanded, q=q1+q2 , is related to the price, p , by
p=60−0.03q.
How much should each plant produce in order to maximize the company's profit?
q1=
q2=
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