Question

Question no. 3: A manufacturer has developed a new design for solar collection panels. Marketing studies have indicated that annual demand for the panel as will depend on the price charged. The demand function for the panels has been estimated as q=200,000 - 100q where q equals the numbers of units demanded each year and p equals the price in dollars. Engineering studies indicate that the total cost of producing q panels is estimated well by the function C120,000+200q +0.002q² (a): Formulate the profit function P= f(q). (b): What are the prices will result in maximum profit? (c): What is the expected maximum profit?​

Answer 1

Answer:

I need some time to solve the question

Explanation:

I need some time to answer the question