Calculus
posted by Carly .
A manufacturer can produce digital recorders at a cost of 60 dollars each. It is estimated that if the recorders are sold for P dollars a piece, consumers will buy q= 150p recorders each month.
What is the average rate of profit obtained as the level of production increases from q=0 to q=15?
I first expressed the manufacturer's profit as a function of q with the formula: P=(150q)q60. I thought the next step was to take the derivative and then plug in 0 and 15. That isn't working. Any ideas?
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