Question

(1 point) The total cost ?(?)C(q) of producing ?q goods is given by:

?(?)=0.01?3−0.6?2+14?C(q)=0.01q3−0.6q2+14q

What is the fixed cost?
fixed cost =  dollars

What is the maximum profit if each item is sold for 10 dollars? (Assume you sell everything you produce. Also note that you can only produce a whole number of goods.)
maximum profit =  dollars

Suppose we fix production at 36 goods produced, and that they all sell when the price is 10 dollars each. Also suppose that for each 1 dollar increase in price, 2 fewer goods are sold (so if the price is 11 dollars, 34 of the 36 goods being produced are sold.)

To maximize profit in this case, we should  ? decrease increase neither increase nor decrease  the price by  dollars.
(Enter zero if the price should remain at 10 dollars.)

Answer 1

Page: No 0 constants. that Answer Given that C(q) = 0.0172 -0.69% + 149 the cost function has no termis means no terims is independent of quantity i fixed cost is zero © Flirteel cosok fixed cost so ☺ Maximum Profit Poofit. = Pc (2) - C(2) 8(?) - Price x quanting - 10 xq : (:: Price = 10 dollars) = 109 Profit = R(q) - (2) (Profit = P(q)) P(?) - 109 - (0.0193 -0.692 + 142)

9010- 9b0FG1 - - 900 - 84.0 -h1:1 F 6.1- (€0.0-) () (80*0-]F 6.1-. b - 1:2 2010- 30.) Doh-291 79 - -6 0 4 -60.1 +26€0.0– 0- ()- (68)9.0 + Géb ) 10.0 – o - (1615–269.0 to €610.00) P'(9) = 0 the marimum To get profit 317 – 269.0+ 2610.0 - - (l)d 361-469.0+x610.0 - bo- (b): Ⓡ owbbong

Page, wo ③ - 12 £0.979796 -- 0.06 -H2+0.959796 - 1.9 -0.979796 -0.06 - 0.06 = 3.67 , 36. 33 1.9= 36.33 36 ' Ę q = 3167 g 4 1. Maximum profite = 36 3 Profit. PCD) at q = 36 PC) - 0.0 + 3 + 0.6 % - 4 + P(36) = -0.01( 36) 3 +0.6(36)2 – 4(36) = - 466:56 + 77716 - 144 = 167.04 ...P(4) = -0.01 (4)3 +0.6(4)? – 464) E - 0.64 + 916 - 16 E -.4.04

- Page. No 4 Ę amount is Marimum profit will be at q = 36 will be 167.04