Math  /  Algebra

QuestionFor what production levels is the profit maximized?\text{For what production levels is the profit maximized?} Round your answer to one decimal place.\text{Round your answer to one decimal place.} q=q = \square Given:\text{Given:} C(q)andR(q)C(q) \quad \text{and} \quad R(q) \begin{align*} C(q) &: \text{Cost function (in thousands)} \\ R(q) &: \text{Revenue function (in thousands)} \\ \end{align*} q(thousands)C(q)R(q)516001200101600800151600400\begin{array}{c|c|c} q \, (\text{thousands}) & C(q) & R(q) \\ \hline 5 & 1600 & 1200 \\ 10 & 1600 & 800 \\ 15 & 1600 & 400 \\ \end{array} q(thousands)q \, (\text{thousands}) 51015\begin{array}{c} 5 \\ 10 \\ 15 \\ \end{array}

Studdy Solution
Identify the production level q q that corresponds to the maximum profit.
The production level that maximizes profit is q=5 q = 5 .
The production level at which profit is maximized is:
5.0 \boxed{5.0}

View Full Solution - Free
Was this helpful?

Studdy solves anything!

banner

Start learning now

Download Studdy AI Tutor now. Learn with ease and get all help you need to be successful at school.

ParentsInfluencer programContactPolicyTerms
TwitterInstagramFacebookTikTokDiscord