A refrigerator manufacturer can sell all the refrigerators of a particular type that he can produce. The total cost of producing 'q' refrigerators per week is given by 300q+2000.the demand function is estimated as 500-2q. [a] Derive the revenue function. [b] Obtain the total profit function. [c] How many units per week should be produced in order to maximize profit? [d] What is the maximum profit available.

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get our expert's

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this and thousands of other questions.

A community for students.

A refrigerator manufacturer can sell all the refrigerators of a particular type that he can produce. The total cost of producing 'q' refrigerators per week is given by 300q+2000.the demand function is estimated as 500-2q. [a] Derive the revenue function. [b] Obtain the total profit function. [c] How many units per week should be produced in order to maximize profit? [d] What is the maximum profit available.

Mathematics
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this and thousands of other questions

revenue = price*quantity p = 500-2q revenue-> R(q) = 500q -2q^2 profit = revenue -cost P(q) = R(q) -C(q) = (500q-2q^2)-(300q+2000) P(q) = -2q^2 +200q -2000
thanks very much dumbcow.
yw about maximizing, find vertex of the parabola formed by P(q)

Not the answer you are looking for?

Search for more explanations.

Ask your own question

Other answers:

ok.....
x = -b/2a max_q = -200/-4 = 50 plug that in to get max_profit
am getting it
pls dumbcow, how did u get the R[q]=500q-2q^2
oh sorry i multiplied p*q (500-2q)*q
ok...thanks

Not the answer you are looking for?

Search for more explanations.

Ask your own question