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September 30, 2014

September 30, 2014

Posted by **jean** on Wednesday, February 6, 2008 at 7:47pm.

- managerial econ -
**Damon**, Wednesday, February 6, 2008 at 8:19pmYou want to maximize income which is P*Q

P Q = 100 P - 2 P ^2

2 p^2 -100 p = - income

where is that derivative = 0?

4 p - 100

p = 25 seems to be it.

then you rent

Q = 100 - 50 = 50 of them

and you make

PQ = $1250

If you have not had calculus, find the vertex of that parabola by completing the square

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