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13 Nov 2019
Calculus for Business and Social Sciences I COAT Assessment-Critical Thinking Fall 2017 Consider the following problem: First and Last Name CWID MATH 1325 Section department of a business has determined that the demand for a certain product can be modeled by p is the price per unit (in dollars) and q is the quantity. The cost (in doillars) of producing q units is p= ·where siven by C o.sq+500.Find the price per unit that the business needs te charge to yield a maslimum.aerofit. 1. Use the information given to create the profit function P(). Simplity your answer 2. Use calculus to find the demand qthat will maximize the profit function P(a) 3, Use calculus to verify that your answer in #2 yields a maximum profit. 4. Find the price p that maximizes the profit function. Round to 2 decimals (cents) S. Clearly state the solution to the problem using a complete sentence and proper grammar
Calculus for Business and Social Sciences I COAT Assessment-Critical Thinking Fall 2017 Consider the following problem: First and Last Name CWID MATH 1325 Section department of a business has determined that the demand for a certain product can be modeled by p is the price per unit (in dollars) and q is the quantity. The cost (in doillars) of producing q units is p= ·where siven by C o.sq+500.Find the price per unit that the business needs te charge to yield a maslimum.aerofit. 1. Use the information given to create the profit function P(). Simplity your answer 2. Use calculus to find the demand qthat will maximize the profit function P(a) 3, Use calculus to verify that your answer in #2 yields a maximum profit. 4. Find the price p that maximizes the profit function. Round to 2 decimals (cents) S. Clearly state the solution to the problem using a complete sentence and proper grammar
Bunny GreenfelderLv2
3 Feb 2019