The demand equation for a quantity q of a product, in hundreds, at price p, in million rands, is p = 40- 4q.The cost of production is C = -q - 7g +45g + 5 million rands.2.1 Express the company's profit as a function of q.2.2 Use the second derivative test to determine the production level that earns the company the largest profit,given that both the first and the second derivative of the profit function are defined on its domain.

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Answered: The demand equation for a quantity q of…

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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The demand equation for a quantity q of a product, in hundreds, at price p, in million rands, is p = 40- 4q. The cost of production is C = -q - 7q +45g + 5 million rands. %3D