Question

Question 3: R(q) = 15q C(q) = 300+15q+0.3q^2+0.002q^3 a) Give an equation for the profit function...

Question 3:

R(q) = 15q

C(q) = 300+15q+0.3q^2+0.002q^3

a) Give an equation for the profit function

b) Find the all of the critical points for the profit function

c) On what intervals is the profit increasing?

d) At what value of q is the profit at its highest?

Need help please. Thank you and stay safe!

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
For the function f(x)=−3x^3+36x+6 (a) Find all intervals where the function is increasing. Answer: ff is...
For the function f(x)=−3x^3+36x+6 (a) Find all intervals where the function is increasing. Answer: ff is increasing on= (b) Find all intervals where the function is decreasing. Answer: ff is decreasing on= (c) Find all critical points of f(x) Answer: critical points: x= Instructions: For parts (a) and (b), give your answer as an interval or a union of intervals, such as (-infinity,8] or (1,5) U (7,10) . For part (c), enter your xx-values as a comma-separated list, or none...
Suppose a product's revenue function is given by R(q)=−7q^2+200q, where R(q) is in dollars and q...
Suppose a product's revenue function is given by R(q)=−7q^2+200q, where R(q) is in dollars and q is the number of units sold. Use the marginal revenue function to find the approximate revenue generated by selling the 39th unit. Marginal revenue= ? dollars per unit A company selling widgets has found that the number of items sold, x, depends upon the price, p at which they're sold, according the equation x=40000√5p+1 Due to inflation and increasing health benefit costs, the company...
Question: Give an example of a quadratic function with y-intercept of 4 that is increasing on...
Question: Give an example of a quadratic function with y-intercept of 4 that is increasing on (0, 10). The answer I got is f(x)=x^2 + 4... but Im confused is it right or not? And if this is wrong please give the right equation. (am I able to use the point (0,10) in the equation?) FULL EXPLANATION AND ANSWER ONLY PLEASE. THANK YOU.
- Suppose f is a function such that f′(x) = (x+ 1)(x−2)2(x−3), so that f has...
- Suppose f is a function such that f′(x) = (x+ 1)(x−2)2(x−3), so that f has the critical points x=−1,2,3. Determine the open intervals on which f is increasing/decreasing. - Let f be the same function as in Problem 9. Determine which, if any, of the critical points is the location of a local extremum, and indicate whether each extremum is a maximum or minimum. Im confused on how to figure out if a function is increasing and decreasing and...
The revenue from selling q items is R(q)=650q−q^2, and the total cost is C(q)=100+11q. Write a...
The revenue from selling q items is R(q)=650q−q^2, and the total cost is C(q)=100+11q. Write a function that gives the total profit earned, and find the quantity which maximizes the profit. Profit π(q)= Quantity maximizing profit q=
A firm has a revenue function of R(Q) = 110Q – 6Q2and a cost function of...
A firm has a revenue function of R(Q) = 110Q – 6Q2and a cost function of C(Q) = 50 + 20Q + 0.5Q2. a) Calculate the profit maximizing quantity by using the first derivative of the profit function method. 2 points e) Assume the government imposes an fixed setup cost of $50 on the firm. What will the firm’s profit maximizing quantity be? 1 point f) Assume the firm will have the following current and future flows of profit: $150...
1) Suppose the cost in dollars of manufacturing q item is given by: C= 2000q +...
1) Suppose the cost in dollars of manufacturing q item is given by: C= 2000q + 3500 and the demand equation is given by: q= sqrt(15,000-1.5p) in terms of the demand q, a) find an expression for the revenue R b) find an expression for the profit P c) find an expression for the marginal profit d) Determine the value of the marginal profit when the price is $5000 2) A manufacturer sells video games with the following cost and...
Analyze and sketch the graph of the function f(x) = (x − 4)2/3 (a) Determine the...
Analyze and sketch the graph of the function f(x) = (x − 4)2/3 (a) Determine the intervals on which f(x) is increasing / decreasing (b) Determine if any critical values correspond to a relative maxima / minima (c) Find possible inflection points (d) Determine intervals where f(x) is concave up / down
33 II) A firm’s production is represented by the following Cobb-Douglas function: ? = ?^1/3 ?^2/3....
33 II) A firm’s production is represented by the following Cobb-Douglas function: ? = ?^1/3 ?^2/3. The rental rate, r, of capital is given by $100 and the price of labor is $200. a. For a given level of output, what should be the ratio of capital to labor in order to minimize costs? b. How much capital and labor should be used to produce those 300 units? c. What is the minimum cost of producing 300 units? d. What...
Bonus Question. Suppose the production function for a firrm is Q(K,L) = K1/2L1/2, so the marginal...
Bonus Question. Suppose the production function for a firrm is Q(K,L) = K1/2L1/2, so the marginal product of labor is MPL = 1 2 K1/2L−1/2 and the marginal product of capital is MPK = 1 2 K−1/2L1/2. a) Find the equation of the isoquant for Q = 1. That is, when Q = 1, find L as a function of K or K as a function of L to obtain an equation for the isoquant. b) Find K1, K2, L3,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT