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Consider the following function.
P=(A-b(q+r)^m)-c)q
What would be the above function maximizing value of q?
A step-wise detailed guidance would be really helpful. Thanks so much.
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hi spmishra9
Welcome to the forum.
P=(A-b(q+r)^m)-c)q
Hmm. I've got several questions about this.
Firstly, that formula has 2 open brackets but 3 close brackets. It makes a difference to any calculation.
Next I'm unclear about what you are trying to maximise.
maximizing value of q
Do you mean vary q so that P is maximised?
It also depends on the sign of m and b. eg. if m is negative it changes the way P varies.
Thinking about it some more, I think the sign of every letter affects the outcome.
Please start by clearing up the bracket situation. I'll post back a formula in mathematical appearance so there no ambiguity and hopefully we can move to an answer.
later edit: I made up some numbers and tried getting a graph. Negative m doesn't seem to have an upper bound for P. When m is positive there's a clear maximum in positive q so I'm guessing that's what you're after. So I would probably differentiate to find the maximum. But I need a bracket consistent formula to do that properly please.
Bob
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You cannot teach a man anything; you can only help him find it within himself..........Galileo Galilei
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