Mathematics

Mathematics

Problem

A manufacturer sells a product with the following price–demand schedule: for 0≤q≤500\le q\le50, the price is p(q)=100−qp(q)=100-q dollars per unit; for 50<q≤10050<q\le100, a quantity discount applies and the price becomes p(q)=75−0.5qp(q)=75-0.5q dollars per unit. The total cost of producing qq units is C(q)=20q+600C(q)=20q+600 dollars. Which quantity yields the greatest profit? a) q=55q=55 b) q=40q=40 c) q=75q=75 d) q=50q=50

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