Microsoft_Word_-_3.4_part_2_ex_3

Microsoft_Word_-_3.4_part_2_ex_3 - units can be sold at a...

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MAC 2233 Applications, Continued Section 3.4, 3.5 Practice Exercises 3. A manufacturer estimates that when q thousand units of a particular commodity are produced each month, the total cost will be C(q) = 0.4q 2 + 3q + 40 thousand dollars, and all q
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Unformatted text preview: units can be sold at a price of p(q) = 22.2 – 1.2q dollars per unit. a. Determine the level of production that results in maximum profit. What is the maximum profit? b. At what level of production is the average cost per unit minimized?...
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This note was uploaded on 10/15/2010 for the course MAC mac 2233 taught by Professor Delarosa during the Spring '10 term at Miami Dade College, Miami.

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Microsoft_Word_-_3.4_part_2_ex_3 - units can be sold at a...

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