The price (in dollars) at which a product can be sold is related to the quantity…
MATHEMATICS · Single correct · CBSE · Mathematics · Applications of Derivatives · Applications of Derivatives
Problem
The price p (in dollars) at which a product can be sold is related to the quantity q demanded by p=60−0.3q. The total cost (in dollars) of producing q units is C(q)=15q+200. What price should the firm charge per unit to maximize profit?
(a) p=30
(b) p=37.50
(c) p=35
(d) p=40