I need to find the value of q that maximizes profit and compute the maximum profit with these equations: The relation between price p and quantity demanded q of a good is given by q=200 - 1/2p the average cost c = c/q is given by c=0.2q+4+400/q

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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I need to find the value of q that maximizes profit
and compute the maximum profit with these
equations:
The relation between price p and quantity
demanded q of a good is given by q=200 - 1/2p
the average cost c = c/q is given by
c=0.2q+4+400/q
Transcribed Image Text:I need to find the value of q that maximizes profit and compute the maximum profit with these equations: The relation between price p and quantity demanded q of a good is given by q=200 - 1/2p the average cost c = c/q is given by c=0.2q+4+400/q
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