Assignment:
Q1. 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 $250 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
Q2. Acme can produce DVD players at a cost of $140 each and market analysis estimates that if the players are sold at x dollars apiece, consumers in a region will buy approximately 2000e^-0.008x machines per week. At what price should the players be sold to maximize profit?
$240
$265
$340
$390
$415
$485
none of these.