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cyanzebra650Lv1
6 Nov 2019
The total cost C(q) of producing q goods is given by:
C(q) = 0.01q^{3}-0.6q^{2}+14q
What is the fixed cost?
fixed cost = 0 dollars
What is the maximum profit if each item is sold for 6 dollars?(Assume you sell everything you produce.)
maximum profit = _____________dollars
Suppose we fix production at 32 goods are produced, and that theyall sell when the price is 6 dollars each. Also suppose that foreach 1 dollar increase in price, 2 fewer goods are sold (so if theprice is 7 dollars, 30 of the 32 goods being produced aresold.)
To maximize profit in this case, we should the price by dollars_________
(Enter zero if the price should remain at 6 dollars.)
The total cost C(q) of producing q goods is given by:
C(q) = 0.01q^{3}-0.6q^{2}+14q
What is the fixed cost?
fixed cost = 0 dollars
What is the maximum profit if each item is sold for 6 dollars?(Assume you sell everything you produce.)
maximum profit = _____________dollars
Suppose we fix production at 32 goods are produced, and that theyall sell when the price is 6 dollars each. Also suppose that foreach 1 dollar increase in price, 2 fewer goods are sold (so if theprice is 7 dollars, 30 of the 32 goods being produced aresold.)
To maximize profit in this case, we should the price by dollars_________
(Enter zero if the price should remain at 6 dollars.)
C(q) = 0.01q^{3}-0.6q^{2}+14q
What is the fixed cost?
fixed cost = 0 dollars
What is the maximum profit if each item is sold for 6 dollars?(Assume you sell everything you produce.)
maximum profit = _____________dollars
Suppose we fix production at 32 goods are produced, and that theyall sell when the price is 6 dollars each. Also suppose that foreach 1 dollar increase in price, 2 fewer goods are sold (so if theprice is 7 dollars, 30 of the 32 goods being produced aresold.)
To maximize profit in this case, we should the price by dollars_________
(Enter zero if the price should remain at 6 dollars.)
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Reid WolffLv2
15 Aug 2019
