erinlouse8Lv1
12 Nov 2021
Problem 48b
Page 325
Section: Review Exercises
Chapter 4: Applications of Differentiation
Textbook ExpertVerified Tutor
12 Nov 2021
Given information
Note that given, a manufacturer determines that the cost of making units of a commodity is and the demand function is , and the revenue function is .
Step-by-step explanation
Step 1.
Note that the marginal revenue function is , and marginal cost function is .
Know that to maximize the profit we must have .