Quena.id – Production costs are the amount of capital or funds issued by the company to produce a number of goods or services, while revenue is the result of the sale of goods and services obtained by producers. If the total cost function of a company is: C = f (Q) = 1 Q3 − 5Q2 + 120 3. With C = total cost and Q = quantity of goods. What is the maximum profit that the company can earn if the selling price of the item is 75 per unit?
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Production costs are the amount of capital or funds issued by the company to produce a number of goods or services, while revenue is the result of the sale of goods and services obtained by producers.
If the total cost function of a company is: C = f (Q) = 1 Q3 − 5Q2 + 120 3.
With C = total cost and Q = quantity of goods.
What is the maximum profit that the company can earn if the selling price of the item is 75 per unit?
Question
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Production costs are the amount of capital or funds issued by the company to produce a number of goods or services, while revenue is the result of the sale of goods and services obtained by producers. If the total cost function of a company is: C = f (Q) = 1 Q3 − 5Q2 + 120 3. With C = total cost and Q = quantity of goods. What is the maximum profit that the company can earn if the selling price of the item is 75 per unit?
Discussion of Answers
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Is known :
Total cost function: C = 13Q^3 – 5Q^2 + 120
Selling price per unit: 75
Revenue = Selling price per unit x Number of items
R = 75Q
2023-06-27 16:09:00
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