Results 1 to 2 of 2
Like Tree2Thanks
  • 2 Post By JeffM

Thread: Profit and cost

  1. #1
    Member
    Joined
    Oct 2006
    Posts
    206
    Thanks
    1

    Profit and cost

    Company A is selling a certain product.
    The cost of a product is given by C(q)=2+2q+q^2 where q is the quantity in millions.
    The revenue is given by R(q)=pq where p is the price and p=8-2q.
    It can be shown that the profit F(q)=R(q)-C(q)=...=-3q^2+6q-2.

    Now there is another company B offering the same product at 1.5 millions.
    Show that the profit for company A is now F(q)=-3q^2+3q-2.

    How to show? need help please.
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor
    Joined
    Feb 2014
    From
    United States
    Posts
    1,734
    Thanks
    808

    Re: Profit and cost

    This question makes no sense whatsoever as written. "Company B is offering the same product at 1.5 millions." Is that a unit price at 1.5 million per unit? Is that a quantity that will be sold at any price? Is this a competitive market, or are we talking about duopoly?

    It is of course possible that some teacher was drunk when writing the problem, but it would be helpful to see what the actual problem says completely and exactly before sending the teacher to AA.
    Thanks from jonah and javier
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Total cost, revenue, profit
    Posted in the Calculus Forum
    Replies: 2
    Last Post: Oct 28th 2010, 04:28 AM
  2. Accounting Cost-Volume-Profit
    Posted in the Business Math Forum
    Replies: 2
    Last Post: May 30th 2010, 01:52 PM
  3. cost volume profit and break even
    Posted in the Business Math Forum
    Replies: 1
    Last Post: Feb 17th 2010, 09:00 PM
  4. Cost/breakeven/profit
    Posted in the Algebra Forum
    Replies: 3
    Last Post: Jan 19th 2010, 05:16 PM
  5. Cost, revenue, and profit functions.
    Posted in the Calculus Forum
    Replies: 1
    Last Post: Sep 23rd 2009, 06:31 PM

/mathhelpforum @mathhelpforum