The demand equation for a product is p = b1 a1q and the cost function is C(q) = b2+a2q
Chapter 4, Problem 50(choose chapter or problem)
The demand equation for a product is p = b1 a1q and the cost function is C(q) = b2+a2q, where p is the price of the product and q is the quantity sold. Find the value of q, in terms of the positive constants b1, a1, b2, a2, that maximizes profit.
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