Find the profit-maximizing price. 80
For a monopolist's product, the demand equation is p = 22 - 2q and the average-cost function is c=2+
q
The profit-maximizing price is $

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domain is all the x values included in the

0 ≤ x ≤ 2

range is all the y values of the graph

-2 ≤ y ≤ 2

***keep in mind that there are different ways to show domain and range

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answer: evaluate the objective function at each vertex to determine which - and -values, if any, maximize or minimize the function. example: find the minimum value and maximum value of the objective function f ( x , y ) = 4 x + 5 y , subject to the following constraints