Home / Expert Answers / Advanced Math / suppose-a-company-39-s-revenue-function-is-given-by-r-q-q3-220q2-and-its-cost-function-is-given-by-pa731

(Solved): Suppose a company's revenue function is given by R(q)=q3+220q2 and its cost function is given by ...




Suppose a companys revenue function is given by \( R(q)=-q^{3}+220 q^{2} \) and its cost function is given by \( C(q)=520+15
Suppose a company's revenue function is given by and its cost function is given by , where is hundreds of units sold/produced, while and 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.) B) How many items (in hundreds) need to be sold to maximize profits? Answer: hundred units must be sold. (Round to two decimal places.)


We have an Answer from Expert

View Expert Answer

Expert Answer


We are given that the revenue function is-R(q)=?q3+220q2The cost function is-C(q)=520+15qwhere q is hundreds
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe