SOLUTION: The revenue from selling 'q' items is R(q)= 325-q^2, and the total cost is C(q)=50+14q. Write a function that gives the total profit earned, and find the quantity which maximizes t
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-> SOLUTION: The revenue from selling 'q' items is R(q)= 325-q^2, and the total cost is C(q)=50+14q. Write a function that gives the total profit earned, and find the quantity which maximizes t
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Question 1161198: The revenue from selling 'q' items is R(q)= 325-q^2, and the total cost is C(q)=50+14q. Write a function that gives the total profit earned, and find the quantity which maximizes the profit.
Profit pi(q)=?
Quantity maximizing profit q=?
You can put this solution on YOUR website! .
The revenue from selling 'q' items is R(q)= 325-q^2, and the total cost is C(q)=50+14q.
Write a function that gives the total profit earned, and find the quantity which maximizes the profit.
Profit pi(q)=?
Quantity maximizing profit q=?
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The given "revenue function" R(q) = 325 - q^2 of the number "q" of sold items is monotonically DECREASING function,
according to the posted formula.
But it NEVER may happen that the revenue function be a DECREASING function of the number of sold items.
It is for the first time in my life I see such an absurdist statement.
Imagine: you sell something, and the amount of money in your pocket is decreasing . . .
It may happen only if the seller pays exra from his pocket to a buyer for every "sold" item . . .
Who created this nonsense ?
O my god, it goes under the section "Finance" . . .
It looks like the author is studying Finance . . .
