The cost function for a product is C(q) = q³ − 66q² + 1452q + 1110 for0 ≤ q ≤ 50 and a price per unit of $542.Round your answers to the nearest whole number.a) What production level maximizes profit?q= 86.4b) What is the total cost at this production level?cost $273902=c) What is the total revenue at this production level?revenue = $46612d) What is the total profit at this production level?profit = $ 227290

Given cost function:- Cq=q3-66q2+1452q+1110

Answered: - The cost function for a product is…

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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