Facebook has a revenue function of R(q) = 5q2 -10q + 600 and a cost function of C(q) = 3q3 + 200, where R(q) and C(q) are measured in thousands of dollars and q represent the number of companies who advertise on their platform measured in hundreds. Facebook has a capacity to advertise for 10,000 companies in any given month on its platform. d) Calculate Facebook's maximum revenue at/for the number of companies needed to maximize its total profit?
Facebook has a revenue function of R(q) = 5q2 -10q + 600 and a cost function of C(q) = 3q3 + 200, where R(q) and C(q) are measured in thousands of dollars and q represent the number of companies who advertise on their platform measured in hundreds. Facebook has a capacity to advertise for 10,000 companies in any given month on its platform. d) Calculate Facebook's maximum revenue at/for the number of companies needed to maximize its total profit?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Facebook has a revenue function of R(q) = 5q2 -10q + 600 and a cost function of C(q) = 3q3 + 200, where R(q) and C(q) are measured in thousands of dollars and q represent the number of companies who advertise on their platform measured in hundreds. Facebook has a capacity to advertise for 10,000 companies in any given month on its platform.
d) Calculate Facebook's maximum revenue at/for the number of companies needed to maximize its total profit?
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