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Suppose a company's revenue function is given by R(q) = - q° + 200q and its...

Question

Suppose a company's revenue function is given by R(q) = - q° + 200q and its...

Suppose a company's revenue function is given by R(q) = - q° + 200q and its cost function is given by C(q) = 160 + 11q, where q is hundreds of units sold/produced, while R(q) and C(q) are in total dollars of revenue and cost, respectively. A) Find a simplified expression for the marginal profit function. (Be sure to use the proper variable in your answer.) MP(q) B) How many items (in hundreds) need to be sold to maximize profits? (Round your answer to two decimal places.) hundred units must be sold. Answer:

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