The marginal profit of a certain commodity is P'(q) = 100 2q when q units are
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The marginal profit of a certain commodity is P'(q) = 100 − 2q when q units are produced. When 10 units are produced, the profit is $700.
a. Find the profit function P(q).
b. What production level q results in maximum profit? What is the maximum profit?
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a Since the profit is 700 when 10 units ...View the full answer
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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