Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size is q = 4000 − 250p and his total cost function is C(q) = 500 + 2q. Derive an expression, R(q) for Teddy J′s total revenue   Derive an expression, Π(q) for Teddy J′s profit   Determine whether Teddy J′s profit is increasing or decreasing when he produces 5 hundred, 750ml bottles of dish washing

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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  • Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size is q = 4000 − 250p and his total cost function is C(q) = 500 + 2q.
  • Derive an expression, R(q) for Teddy Js total revenue

 

  • Derive an expression, Π(q) for Teddy Js profit

 

  • Determine whether Teddy J′s profit is increasing or decreasing when he produces 5 hundred, 750ml bottles of dish washing
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