Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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The profit function for good x is given by
P(q) = 200 + 100q + 30q²-9³
where q is the quantity of x sold.
(a) Determine the value of q resulting in the largest profit.
(b)
Calculate the maximum profit. Why might the profit be lower if q is
higher than this?
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Transcribed Image Text:The profit function for good x is given by P(q) = 200 + 100q + 30q²-9³ where q is the quantity of x sold. (a) Determine the value of q resulting in the largest profit. (b) Calculate the maximum profit. Why might the profit be lower if q is higher than this?
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