Posted by **Sarah** on Monday, March 25, 2013 at 2:40pm.

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

## Related Questions

- Calculus - The monthly demand function for a product sold by a monopoly is p = ...
- math - The monthly demand function for a product sold by a monopoly is p = 3750...
- Calculus - A company decides to begin making and selling computers. The price ...
- Calculus - The price-demand and cost functions for the production of microwaves...
- 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...
- 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,...
- Math - A monopoly has a total cost function C = 1000 + 108x + 12x^2 for its ...

More Related Questions