Fermi
·
Concept Library
·
Courses
·
Books
·
Problems
·
Simulations
·
Math Wiki
·
High School
Fermi
›
Problems
Mathematics
Mathematics
Problem
A product has demand price
p
(
q
)
=
50
−
0.2
q
p(q)=50-0.2q
p
(
q
)
=
50
−
0.2
q
dollars when
q
q
q
units are sold, and its production cost is
C
(
q
)
=
5
q
+
1000
C(q)=5q+1000
C
(
q
)
=
5
q
+
1000
dollars. Determine the quantity
q
q
q
that maximizes the company’s daily profit.
Browse the problem library