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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

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

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 2E
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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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