 #1
xmf77
 2
 0
 Homework Statement:

For a monopolist's product,
the demand equation is
p=30−2q
and the averagecost function is
c=2+40q.
Find the profitmaximizing price.
 Relevant Equations:
 Calculus, maximizing, profit, price
I know the formula profit = (pricecost)quantity.
but when ı applied the numbers ı can not substitute them
profit = ((302q2(40/q))
but don't know what ı need to do ?
would appreciate any help given please.
but when ı applied the numbers ı can not substitute them
profit = ((302q2(40/q))
but don't know what ı need to do ?
would appreciate any help given please.