profit, in thousands of dollars, from selling and producing a pairs of sunglasses. d a simplified expression for the marginal profit function. (Be sure to use the proper variable in answer.) (9) w many pairs of sunglasses (in thousands) should be sold to maximize profits? (If necessary, d your answer to three decimal places.) er: = er: thousand pairs of sunglasses need to be sold. hat are the actual maximum profits (in thousands) that can be expected? (If necessary, round answer to three decimal places.) thousand dollars of maximum profits can be expected.
profit, in thousands of dollars, from selling and producing a pairs of sunglasses. d a simplified expression for the marginal profit function. (Be sure to use the proper variable in answer.) (9) w many pairs of sunglasses (in thousands) should be sold to maximize profits? (If necessary, d your answer to three decimal places.) er: = er: thousand pairs of sunglasses need to be sold. hat are the actual maximum profits (in thousands) that can be expected? (If necessary, round answer to three decimal places.) thousand dollars of maximum profits can be expected.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Transcribed Image Text:Suppose the Sunglasses Hut Company has a profit function given by P(q)
0.03q² +5q46
, where q is the number of thousands of pairs of sunglasses sold and produced, and P(q) is the
total profit, in thousands of dollars, from selling and producing a pairs of sunglasses.
A) Find a simplified expression for the marginal profit function. (Be sure to use the proper variable in
your answer.)
MP(q) =
=
B) How many pairs of sunglasses (in thousands) should be sold to maximize profits? (If necessary,
round your answer to three decimal places.)
Answer:
Answer:
thousand pairs of sunglasses need to be sold.
C) What are the actual maximum profits (in thousands) that can be expected? (If necessary, round
your answer to three decimal places.)
thousand dollars of maximum profits can be expected.
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