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Mathematics
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Given cost equation and demand curve equation, how do you find the quantity for max profit?
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omg i kind of remember this from economics class...last year...nvm ..wait..
nope nothing
For example, C(q) = 0.7q^2 - 1600q +900,000 (cost equation) p(q) = 400 - 0.5q
find equilibrium point
isn't the maximum profit when marginal cost = marginal return?
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yes, that's equilibrium point
kk thanks
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