3. A R&C Ltd produces and sells 6" Cider Blocks. R&C Ltd has a revenue function of R(q) = 2q² +50q+600 and a cost function of C(q) = 3q² +100, where R and C are measured in thousands of dollars and q represent the number of Cider Blocks in thousands of dollars that are produced and sold. a) Find the profit function. b) Determine the number of Cider Blocks needed to maximize R&C Ltd's profit. c) In your view, is R&C Ltd's rate of profit increasing or decreasing when 30,000 6" Cider Blocks are produced and sold? Give reasons for your answer. d) Calculate R&C Ltd's maximum profit. ||

3. A R&C Ltd produces and sells 6" Cider Blocks. R&C Ltd has a revenue function of R(q) = 2q² +50q+600 and a cost function of C(q) = 3q² +100, where R and C are measured in thousands of dollars and q represent the number of Cider Blocks in thousands of dollars that are produced and sold. a) Find the profit function. b) Determine the number of Cider Blocks needed to maximize R&C Ltd's profit. c) In your view, is R&C Ltd's rate of profit increasing or decreasing when 30,000 6" Cider Blocks are produced and sold? Give reasons for your answer. d) Calculate R&C Ltd's maximum profit. ||

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter7: Analytic Trigonometry

Section7.6: The Inverse Trigonometric Functions

Problem 94E

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