A tire company can produce a number of Q tires per day at a cost TC = 500 + 2Q + 0.5 Q price (P) $ 70, – per tire a. Express the income (TR) and…
A tire company can produce a number of Q tires per day at a cost
TC = 500 + 2Q + 0.5 Q² price (P) $ 70, – per tire
a. Express the income (TR) and Profit (π) as a function of Q.
b. How Output (Q) which generates maximum profit and how much profit max
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