Dolphin56
25.09.2021 •
Mathematics
I'm having a really hard time understanding this question, can someone help me please I would really appreciate it
A certain product costs $10 to make and the relationship between quantity sold q is dependent the price p
q = 1200 - 20p
The profit equation is Total Revenue (p*q) minus Production Cost (10q)
profit = pq - 10q
Using substitution, create a quadratic equation and find the price that maximizes profit.
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