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m119+q7+spr2010 - variable cost per unit is $74 a(2 pts...

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M119 Quiz 7 Spring 2010 Name: _____________________________ Clearly print first and last name No graphing calculators . A company finds that the demand equation for a quantity q of Jphones sold at price p, in dollars is p = 290-3q. To product these Jphones, the company finds that fixed costs are $1975 and
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Unformatted text preview: variable cost per unit is $74. a. (2 pts) Write the revenue function. b. (2 pts) Write the cost function. c. (4 pts) At what quantity is profit maximized? Show your work. d. (2 pts) What is the largest profit possible?...
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