Sunday

December 21, 2014

December 21, 2014

Posted by **jen** on Monday, April 6, 2009 at 10:54pm.

P=$35-0.02Q where P=selling price/unit and Q=quantity sold/unit.

on the other hand, management estimates that the average cost of manufacturing and sellling the product will decrease as the quantity sold increases. they estimate:

C=$4Q+$8000.

where C=cost to produce and sell Q/year.

The firm's management wishes to produce and sell the product at the rate that will maximize profit, that is, income minus cost will be a maximum. what quantity should the decision makers plan to produce and sell each year.

I know the answer is 775 units and i have to take derivatives of something because it's asking for a maximum, but how do i put the two equations together.

- economics -
**lol**, Tuesday, April 7, 2009 at 9:57amyour mama's house

**Answer this Question**

**Related Questions**

economics - a firm is planning to manufacture a new product. the sales ...

algebra - At a certain real estate firm,realtors selling homes receive a ...

algebra - At a certain real estate firm,realtors selling homes receive a ...

accounting - The sales department thinks it could sell teh product at a slightly...

Manegerial accounting - calculate the net operating income , evergreen corp has...

Accounting - Currently, the unit selling price of a product is $110, the unit ...

Math - Bosley's Pet Foods buys dog kibbl for $19.50 per bag, less 40%. The store...

math(urgent) - During a Merdeka Day celebration,a furniture company marked down ...

weonomics - Original quanity | new quantity . |price. |quanity supplied demanded...

Mathematics - A company sold garden hoses at a reduced price of $6.52 and took ...