Question
Profit Suppose that for the situation in Exercise 51 the cost of producing $q$ units is given by $C(q)=3000-20 q+0.03 q^{2} .$ Find the marginal profit for the following production levels.a. 500 unitsb. 815 unitsc. 1000 units
Step 1
The cost function is given by $C(q)=3000-20 q+0.03 q^{2}$. The derivative of this function is given by $C'(q)=-20+0.06q$. Show more…
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Profit Suppose that for the situation in Exercise 51 the cost of producing $q$ units is given by $C(q)=3000-20 q+0.03 q^{2} .$ Find the marginal profit for the following production levels (a) 500 units (b) 815 units (c) 1000 units
Calculating the Derivative
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The cost of producing q units is given by C(q) = 3000 - 20q + 0.03q^2. Find the marginal profit for the following production levels. (a) 500 Units (b) 815 Units (c) 1000 Units
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