I have no idea where to start with this. I really could use some help. It would be great thanks. =)
The total cost C(q) of producing q goods is given by:
A) What is the maximum profit if each item is sold of $7 (assume you sell everything you produce.)
B) Suppose exactly 34 goods are produced. They all sell when the price is $7 each but for each $1 increase in price 2 fewer goods are sold. Should the price be raised, and if so by how much?