Let q be a quantity of units produced and sold. The table below shows the cost in dollars, C(q), and revenue in dollars, R(q), for various values of q 9 0 500 1000 1500 2000 2500 3000 R(q) 0 1875 3750 5625 7500 9375 11250 C(q) 7250 7767 58026 25 8227 58428.75 8888 75 10125

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Let q be a quantity of units produced and sold. The table below shows the cost in dollars, C(q), and revenue in dollars, R(q), for various values
of q.
9
0 500 1000 1500 2000 2500 3000
R(q) 0 1875 3750 5625 7500 9375 11250
C(q) 7250 7767 58026 25 8227 58428.75 8888 75 10125
At approximately what production level, q, is profit maximized?
qPd
units
What is the price of the product when profit is maximized?
price=
dollars
What are the fixed costs?
fixed costs=
dollars
Transcribed Image Text:Let q be a quantity of units produced and sold. The table below shows the cost in dollars, C(q), and revenue in dollars, R(q), for various values of q. 9 0 500 1000 1500 2000 2500 3000 R(q) 0 1875 3750 5625 7500 9375 11250 C(q) 7250 7767 58026 25 8227 58428.75 8888 75 10125 At approximately what production level, q, is profit maximized? qPd units What is the price of the product when profit is maximized? price= dollars What are the fixed costs? fixed costs= dollars
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