Engineers in your company have determined that the cost of production of good X follows the function C = 45Q + 3Q² where Q is output of X. In this industry, there are many competitors, making similar products, and each is currently charging a price of $195. How much output do you recommend your company should

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Engineers in your company have
determined that the cost of production of
good X follows the function C = 45Q + 3Q²,
where Q is output of X. In this industry,
there are many competitors, making similar
products, and each is currently charging a
price of $195. How much output do you
recommend your company should
produce?
Q = 9
Q = 15
Q
= 25
Q = 45
Transcribed Image Text:Engineers in your company have determined that the cost of production of good X follows the function C = 45Q + 3Q², where Q is output of X. In this industry, there are many competitors, making similar products, and each is currently charging a price of $195. How much output do you recommend your company should produce? Q = 9 Q = 15 Q = 25 Q = 45
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