22. The price of Ada's juice per unit is given by: P = 50q q -...

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22. The price of Ada's juice per unit is given by: P = 50q q² - 800 - While the total cost of producing the juice is: C = 800 + 700q - 3q² + q³ Determine the quantity which maximizes the profit. How many units of the juice needs to be produced in order to maximize profit if the selling price remains at N700. ● 22. The price of Ada's juice per unit is given by: P = 50q q² - 800 - While the total cost of producing the juice is: C = 800 + 700q - 3q² + q³ Determine the quantity which maximizes the profit. How many units of the juice needs to be produced in order to maximize profit if the selling price remains at N700. ●

Answer rating: 100% (QA)

a To determine the quantity which maximizes the profit we need to find the value of q that correspon... View the full answer