Use the information below to answer the following question. Demand function: P=60+2Q, where P is the unit
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Use the information below to answer the following question.
Demand function: P=60+2Q, where P is the unit selling price and Q is quantity of units in thousands.
Cost function: TC= 3Q2 - 2Q + 200, where TC is total costs in thousands of dollars.
Determine the optimal sales revenue.
a.
$4,026,000
b.
$2,562,000
c.
$2,057,000
d.
$3,782,000
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