A manufacturing process has marginal costs given in the table; the item sells for $37 per unit. At how many quantities, q, does the profit appear to be a maximum? Select each interval in which a quantity lies which gives a maximum profit. q|0 | 10 | 20 | 30 | 40 | 50 | 60 MC ($/unit) | 30 | 41 45 44| 46 | 33 30

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
A manufacturing process has marginal costs given
in the table; the item sells for $37 per unit. At how
many quantities, q, does the profit appear to be a
maximum? Select each interval in which a quantity
lies which gives a maximum profit.
9 0
0 10 | 20 30 40 | 50 60
MC ($/unit) 30 | 41 | 45 | 44 46 | 33 | 30
Transcribed Image Text:A manufacturing process has marginal costs given in the table; the item sells for $37 per unit. At how many quantities, q, does the profit appear to be a maximum? Select each interval in which a quantity lies which gives a maximum profit. 9 0 0 10 | 20 30 40 | 50 60 MC ($/unit) 30 | 41 | 45 | 44 46 | 33 | 30
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,