For a monopolisť's product, the cost function is c= 0.004q + 40g + 8000 and the demand function is p = 550 - 4q. Find the profit-maximizing output. The profit-maximizing output is 59 (Round to the nearest whole number as needed.)

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter12: Quadratic Functions
Section12.8: Joint And Combined Variation
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What is the profit -maximizing output??
For a monopolisť's product, the cost function is c= 0.004q° + 40q + 8000 and the demand function is p = 550 - 4q. Find the profit-maximizing output.
The profit-maximizing output is 59
(Round to the nearest whole number as needed.)
Transcribed Image Text:For a monopolisť's product, the cost function is c= 0.004q° + 40q + 8000 and the demand function is p = 550 - 4q. Find the profit-maximizing output. The profit-maximizing output is 59 (Round to the nearest whole number as needed.)
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