If a Firm's Profit Is Z = 20p -2p²

question 38

Short Answer

If a firm's profit is Z = 20p -2p² + 40, then the optimal value of I yields a maximum profit of ________.

---

Definitions:

Hiring Freeze

A temporary policy to cease or significantly slow down the recruitment of new employees, typically implemented to reduce costs.

Efficiency

The ratio of the output to the input of any system, indicating how well resources are utilized.

Measure

A method or standard used for quantifying attributes or performance in order to assess, compare, or track efficiency or progress.

Volume

The amount of space that a substance or object occupies or that is enclosed within a container.