Saturday
March 28, 2015

Homework Help: math

Posted by Sarah on Sunday, March 24, 2013 at 9:45pm.

The monthly demand function for a product sold by a monopoly is
p = 3750 − 1/3x^2 dollars, and the average cost is C = 1000 + 70x + 3x^2
dollars. Production is limited to 1000 units and x is in hundreds of units.
(a) Find the quantity that will give maximum profit.
(b) Find the maximum profit. (Round your answer to the nearest cent.)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Calculus - The monthly demand function for a product sold by a monopoly is p = ...
Calculus - The monthly demand function for a product sold by a monopoly is p = ...
math calculus - The demand function for a product is given by p = 10,000 [1 &#...
math calculus - The demand function for a product is given by p = 10,000(1 &#...
math 160(buss calculus) - The demand function for a product is given by p = 10,...
calculus - The demand function for a product is given by p = 10,000 [1 − (...
calculus - The demand function for a product is given by p = 10,000(1 − (5...
calculus - A fertilizer producer finds that it can sell its product at a price ...
math - In a factory of electronic items, the total cost of production, expressed...
math - The demand function for a product is p=32−8q where p is the price ...

Members