The demand function for an entrepreneur's product is given by p = q² - 5q + 119970 and the average cost per unit to produce q units is c = q² - 79q +³ where p and c are in dollars per unit 800 q What is the criterion of the total cost function? Please What is the criterion of the total income function? What is the utility function criterion? What is the quantity of products that maximizes utility? What is the price at which maximum profit occurs? Solve Fast!!

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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The demand function for an entrepreneur's product is given by p = q² - 5q + 119970 and
the average cost per unit to produce q units is c = q² - 79q +³ where p and care in dollars
per unit
800
q
What is the criterion of the total cost function?
Please
Solve
What is the criterion of the total income function?
What is the utility function criterion?
What is the quantity of products that maximizes utility?
What is the price at which maximum profit occurs?
What is the maximum utility?
Fast!!
Transcribed Image Text:The demand function for an entrepreneur's product is given by p = q² - 5q + 119970 and the average cost per unit to produce q units is c = q² - 79q +³ where p and care in dollars per unit 800 q What is the criterion of the total cost function? Please Solve What is the criterion of the total income function? What is the utility function criterion? What is the quantity of products that maximizes utility? What is the price at which maximum profit occurs? What is the maximum utility? Fast!!
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