For the cost and price functions below find a the number q o

For the cost and price functions below, find a) the number, q, of units that produces maximum profit; b) the price, p, per unit that produces maximum profit; and c) the maximum profit, P. C(q) = 90 + 17q;p = 73-2q The number, q, of units that produces maximum profit is q = . The price, p, per unit that produces maximum profit is p = $ . The maximum profit is P = $ .

Solution

q = 73-15 = 57 p = 57/73 = per unit price max profit = p+q adding both of these