The total cost C(q) of producing a goods is given by: What is the fixed cost? fixed cost= dollars What is the maximum profit if each item is sold for 6 dollars? (Assume you sell everything you produce. Also note that you can only produce a whole number of goods.) maximum profit= dollars C(q) = 0.01g¹-0.6q² + 14g Suppose we fix production at 32 goods produced, and that they all sell when the price is 6 dollars each. Also suppose that for each dollar increase in price, 2 fewer goods are sold (so if the price is 7 dollars, 30 of the 32 goods being produced are sold.) To maximize profit in this case, we should ? (Enter zero if the price should remain at 6 dollars.) the price by dollars.
The total cost C(q) of producing a goods is given by: What is the fixed cost? fixed cost= dollars What is the maximum profit if each item is sold for 6 dollars? (Assume you sell everything you produce. Also note that you can only produce a whole number of goods.) maximum profit= dollars C(q) = 0.01g¹-0.6q² + 14g Suppose we fix production at 32 goods produced, and that they all sell when the price is 6 dollars each. Also suppose that for each dollar increase in price, 2 fewer goods are sold (so if the price is 7 dollars, 30 of the 32 goods being produced are sold.) To maximize profit in this case, we should ? (Enter zero if the price should remain at 6 dollars.) the price by dollars.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:The total cost C(q) of producing q goods is given by:
What is the fixed cost?
fixed cost=
dollars
What is the maximum profit if each item is sold for 6 dollars? (Assume you sell everything you produce. Also note that you can only produce a whole number of goods.)
maximum profit =
dollars
C(q) = 0.019³ -0.6q² + 14q
Suppose we fix production at 32 goods produced, and that they all sell when the price is 6 dollars each. Also suppose that for each 1 dollar increase in price, 2 fewer goods are sold (so if the price is 7 dollars, 30 of the 32
goods being produced are sold.)
To maximize profit in this case, we should ?
(Enter zero if the price should remain at 6 dollars.)
the price by
dollars.
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