For the cost and price functions below, find (a) the number, q, of units that produces maximum profit; (b) the price, p, in dollars per unit that produces maximum profit; and (c) c(q)=40+20qe^-0.01q;p=60e^-0.01q the maximum profit, P, in dollars.
For the cost and price functions below, find (a) the number, q, of units that produces maximum profit; (b) the price, p, in dollars per unit that produces maximum profit; and (c) c(q)=40+20qe^-0.01q;p=60e^-0.01q the maximum profit, P, in dollars.
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.1: Graphs Of Equations
Problem 9ECP
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Question
For the cost and price functions below, find
(a)
the number, q, of units that produces maximum profit;
(b)
the price, p, in dollars per unit that produces maximum profit; and
(c)
c(q)=40+20qe^-0.01q;p=60e^-0.01q
the maximum profit, P, in dollars.
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