The marginal profit function

Reference no: EM1316273

Question: FunTime has developed a new robotic toy, which it sells to wholesalers for $20 each.

C(q) = 5000+4q+0.001q2

Where C(q) is the cost, in dollars, and q is the quantity produced.

[A] Find p’(1000), the marginal profit when q = 1000
[B] The company produces and sells 1000 units. Use the answer to part (c) to determine whether or not the company should increase productivity slightly.
[C] Find p(q), the profit function
[D] Find p’(q), the marginal profit function

Reference no: EM1316273

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