Question: Optimization art Previous Problem Problem List Next Problem (4 points) Let q be a quantity of units produced and sold. The table be 9 0

Optimization art Previous Problem Problem List Next Problem (4 points) Let q be a quantity of units produced and sold. The table be 9 0 500 1000 1500 2000 2500 3000 R(q) o 1875 3750 5625 7500 9375 11250 C(q) 7500 7972.5 8208.75 8392.5 8576.25 8996.25 10125 At approximately what production level, q, is profit maximized? 9 3000 units What is the price of the product when profit is maximized? price = 3000 dollars What are the fixed costs? fixed costs = 10125 dollars Note: You can earn partial credit on this problem. Preview My Answers Submit Answers Optimization art Previous Problem Problem List Next Problem (4 points) Let q be a quantity of units produced and sold. The table be 9 0 500 1000 1500 2000 2500 3000 R(q) o 1875 3750 5625 7500 9375 11250 C(q) 7500 7972.5 8208.75 8392.5 8576.25 8996.25 10125 At approximately what production level, q, is profit maximized? 9 3000 units What is the price of the product when profit is maximized? price = 3000 dollars What are the fixed costs? fixed costs = 10125 dollars Note: You can earn partial credit on this problem. Preview My Answers Submit Answers

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