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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

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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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
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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