1. Digicel's profit function for the sale of S21 is as follows: л(q) = −2q² + 350q-150 The selling price per S21 is given by the function: p = 600 -2q Where q represents the number of S21 (in thousands), cost and revenue are in thousand of dollars. Using the information provided above, determine the following: a. Total Cost function. [41] b. Marginal Cost (MC) when 4000 S21 are produced. ப c. Give an interpretation of your answer from Part b. above. 2717 d. The number of S21 that must be sold for Digicel to make a Marginal Revenue (MR) of $300,000.00. e. At what level of quantity will the firm maximize its profit.

1. Digicel's profit function for the sale of S21 is as follows: л(q) = −2q² + 350q-150 The selling price per S21 is given by the function: p = 600 -2q Where q represents the number of S21 (in thousands), cost and revenue are in thousand of dollars. Using the information provided above, determine the following: a. Total Cost function. [41] b. Marginal Cost (MC) when 4000 S21 are produced. ப c. Give an interpretation of your answer from Part b. above. 2717 d. The number of S21 that must be sold for Digicel to make a Marginal Revenue (MR) of $300,000.00. e. At what level of quantity will the firm maximize its profit.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter7: Analytic Trigonometry

Section7.6: The Inverse Trigonometric Functions

Problem 94E

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