**Profit Analysis**Unendo, a large computer game manufacturer, has estimated the demand function for their game "Star Wars Battlefront III" as follows:\[ p = 86 - 0.05q \]Where *p* is the price of a game and *q* is the number of games produced and sold per week.The estimated cost function in dollars is:\[ C(q) = 17q + 5000 \]Where the fixed cost is $5000 and the marginal cost is $17 per game.Unendo wishes to maximize the weekly profit of producing and selling the game.Find the maximum profit they can earn.*(Round your answer to 2 decimal places, if necessary)*

They estimate that their cost function in dollars is... C(q) = 179 + 5000; %3D where the fixed cost is $5000 and the marginal cost is $17 per game Unendo wishes to maximize the weekly profit of producing and selling the game. Find the maximum profit they can earn.

They estimate that their cost function in dollars is... C(q) = 179 + 5000; %3D where the fixed cost is $5000 and the marginal cost is $17 per game Unendo wishes to maximize the weekly profit of producing and selling the game. Find the maximum profit they can earn.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

**Profit Analysis**

Unendo, a large computer game manufacturer, has estimated the demand function for their game "Star Wars Battlefront III" as follows:

\[ p = 86 - 0.05q \]

Where *p* is the price of a game and *q* is the number of games produced and sold per week.

The estimated cost function in dollars is:

\[ C(q) = 17q + 5000 \]

Where the fixed cost is $5000 and the marginal cost is $17 per game.

Unendo wishes to maximize the weekly profit of producing and selling the game.

Find the maximum profit they can earn.

*(Round your answer to 2 decimal places, if necessary)*

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