Maximise the profit for a firm, assuming Q > 0, given that: • its demand function is P = 4,000 - 33Q and ● its total cost function is C = 2Q³ - 3Q² + 400Q + 5,000
Maximise the profit for a firm, assuming Q > 0, given that: • its demand function is P = 4,000 - 33Q and ● its total cost function is C = 2Q³ - 3Q² + 400Q + 5,000
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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Transcribed Image Text:Maximise the profit for a firm, assuming Q > 0, given that:
●
its demand function is P = 4,000 - 33Q and
its total cost function is C = 2Q³ − 3Q² + 400Q + 5,000
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