A manufacturer can produce at most 110 units of a certain product each year. The demand equation for the product is p=q² - 100q + 2400 and the manufacturer's average-cost function is 12,000 Determine the profit-maximizing output q and the corresponding maximum profit. = 39² - 459 +₁ q C= The profit-maximizing output q is (...)

A manufacturer can produce at most 110 units of a certain product each year. The demand equation for the product is p=q² - 100q + 2400 and the manufacturer's average-cost function is 12,000 Determine the profit-maximizing output q and the corresponding maximum profit. = 39² - 459 +₁ q C= The profit-maximizing output q is (...)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A manufacturer can produce at most 110 units of a certain product each year. The demand equation for the product is p =q² - 100q + 2400 and the manufacturer's average-cost function is
12,000
Determine the profit-maximizing output q and the corresponding maximum profit.
q
C=
2
339²
-q² - 45q+
The profit-maximizing output q is

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