Problem:
Acme estimates marginal revenue on a product to be 200q^-1/3 dollars per unit when the level of production is q units. The corresponding marginal cost is 2q dollars per unit. Suppose the profit is $300 when the level of production is 1 unit. What is Acme's profit when 8 units are produced?
(Note: P'(t) = R'(t) - C'(t) and P(0) = 0)
- $937
- $987
- $1037
- $1087
- $1137
- $1187
- $1237
- none of these