00:01
Hi, this is a question.
00:04
To find the price that will maximize the profit and demand and cost functions, profit for the demand and cost function, but p is the price.
00:16
This is a price function, x is the number of units, and c is the cost function.
00:24
So we know that to maximize the profit offer, maximum profit, maximum profit, maximum profit, marginal cost function, will be equal to marginal revenue function.
00:42
First of all, i need to find revenue function.
00:45
So revenue function will be equal to number of units sold into price.
00:51
So x into this is 59 minus 0 .1 under root x.
01:00
Okay, so 59 x minus 0 .1 x raised to the power 3 by 2...