suppose a companys revenue function is given by rqq3340q2rq q3340q2 and its cost function is giv

Step 1: Find the marginal profit function. Given: Revenue function, R(q) = -q^3 + 340q^2 Cost fu

Question

Suppose a company's revenue function is given by R(q) = -q^3 + 340q^2 and its cost function is given by C(q) = 390 + 15q, 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. (Be sure to use the proper variable in your answer.) MP(q) = B) How many items (in hundreds) need to be sold to maximize profits? Answer: hundred units must be sold. (Round to two decimal places.)

          Suppose a company's revenue function is given by R(q) = -q^3 + 340q^2 and its cost function is given by C(q) = 390 + 15q, 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. (Be sure to use the proper variable in your answer.)
MP(q) = 

B) How many items (in hundreds) need to be sold to maximize profits?
Answer:  hundred units must be sold. (Round to two decimal places.)

Added by Alexa M.

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