I am taking an econometric class and some things are a little bit over my head. I'm studying about maximizing net benefits and the original information is that cost=0.04q^3-0.9q^2+10q+5. Is asking to find the value of q that optimizes this function. So I assume I should calculate the first derivative and consider that it equals zero ???... well if I do that I get 0.12q^2-1.8q+10=0
Well I don't know how to find the values of q
Can somebody please explain how to solve this?
Thank you
Well I don't know how to find the values of q
Can somebody please explain how to solve this?
Thank you