#brief calculus problem
16 messages · Page 1 of 1 (latest)
my original set up was q(1000/q^.3)-130q
i also had a question of why its not q(1000/q^.3)-130(1000/q^.3)
profit functions for me are tricky cause i believe it can be either?
so you're still on part (a) right ?
part b is different?
i thought to find the maximum profit for 1 i would just put it into the derivative equation but it's not working
I'm just not sure where you're stuck at
c
this should be the total profit yes
q*p is how much you make from raw sales
and you lose 130 per unit, so -130q
i also had a question of why its not q(1000/q^.3)-130(1000/q^.3)
The first part, q(1000/q^.3), represents the total revenue correctly.
The second part should represent the total cost. For that, we need unit cost times quantity, -130q.
However, 130 * (1000 / q^.3) = 130 * p is actually cost times price, not cost times quantity.