Mathematics, 01.12.2021 17:40, naomicervero

4) A company manufactures widgets. The expense function E=8q+12,000 and the demand function q= -10p +20,000, where p is the price.

a. Express the variable expense V in terms of q, where q is the quantity of widgets
produced

b. Express the total expenso E in terms of p.

c. Determine the Revenue R in terms of p. (Hint: R=p•q).

d. Determine the profit P in terms of p. (Hint: P=R-E).

e. Determine the price that will yield the maximum profit. (Hint: x = -b/2a).

f. Determine the maximum profit.

Answers: 3

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4) A company manufactures widgets. The expense function E=8q+12,000 and the demand function q= -10...