Suppose a company's revenue function is given by R(q) = -q³+330q² and its cost function is given by C(q) = 330 + 16g, where q is

Question

Suppose a company's revenue function is given by R(q) = -q³+330q² and its cost function is
given by C(q) = 330 + 16g, where q is hundreds of units sold/produced, while R(q) and C(q) are
in total dollars of revenue and cost, respectively.
A) Find a simplified expression for the marginal profit function.
B) How many items (in hundreds) need to be sold to maximize profits?

Kunduz · Accepted Answer

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