A manufacturer can produce at most 140 units of a certain product each year. The demand equation for the product is p =q²2 - 100q + 4800 and the manufacturer's average-cost function is 12,000 Determine the profit-maximizing output q and the corresponding maximum profit. q c=²39²- - 30q+ The profit-maximizing output q is

A manufacturer can produce at most 140 units of a certain product each year. The demand equation for the product is p =q²2 - 100q + 4800 and the manufacturer's average-cost function is 12,000 Determine the profit-maximizing output q and the corresponding maximum profit. q c=²39²- - 30q+ 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

2
A manufacturer can produce at most 140 units of a certain product each year. The demand equation for the product is p =q² - 100q + 4800 and the manufacturer's average-cost function is
12,000
Determine the profit-maximizing output q and the corresponding maximum profit.
q
=
2
3
q² - 30q+
The profit-maximizing output q is

60
For a monopolist's product, the demand equation is p = 37 - 4q and the average-cost function is c=5+. Find the profit-maximizing price.
q
The profit-maximizing price is $

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