The revenue from selling q items is $R(q) = 400q - q^2$, and the cost is $C(q) = 150 + 20q$. (a) Write a function that gives the total profit earned. $pi(q) =$ (b) Find the quantity which maximizes the profit. $q = $
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So, the profit function P(q) is given by: P(q) = R(q) - C(q) = (400q + 42) - (150 + 20q) = 380q - 108 (b) Show more…
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