15. A graph of the profit function P(x) and its tangent line at x = 125 are shown in the figurebelow.a. What is the marginal profit for a production/sales level of x = 125 items?b. Use the marginal profit to estimate the profit from a production/sales level of 126photos. Is the actual profit more or less that the estimated profit?P(x)20202015201020052000122123124125126127128X

Answered: Image /qna-images/answer/df3e7bee-b5b5-4fd9-8bd2-1c542e55ece1.jpg

Answered: 15. A graph of the profit function P(x)…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Sue is more risk averse than Jo. Firm A has superior safety technology, resulting in fewer on-the-job accidents than Firm B. Graph the hedonic function for risk and use the graph to discuss Jo and Sue's employment decisions. Note the slope of the utility / iso-profit curves.
Student Loans Data for selected years from 2011and projected to 2023 can be used to show that thebalance of federal direct student loans y, in billions ofdollars, is related to the number of years after 2010,x, by the function y = 130.7x + 699.7.a. Graph the function for x-values corresponding2010 to 2025.b. Find the value of y when x is 13.c. What does this function predict the balance offederal direct student loans will be in 2029?(Source: U.S. Office of Management and Budget)
3
The graph to the right gives the profit as a function of production level. Use graphical optimization to estimate the production level that gives the maximum profit per item produced. f(x)A 300- 400 Production The production level that gives the maximum profit per item produced will occur at the point for which the is Estimate the production level that gives the maximum profit per item produced. Choose the correct answer below. A. 150 В. 350 О С. 75 O D. 50 Profit
3.) The revenue equation (in billions of dollars) for corn production in the United States is approximated by R(x)=0.016x² +1.034x+11.338 Where x is in billions of bushels. For example if you have 10 billion bushels, then x = 10. (Data from www.usda.gov) a.) Find the marginal revenue function b.) Find and interpret the marginal revenue for 15 billion bushels c.) Find and interpret the marginal revenue for 20 billion bushels
The following graph shows a rough approximation of historical and projected median home prices for a country for the period 2000-2024. (Fill in blanks)
1.3 According to a study, the relation Between the average annual earnings of males and females with various levels of educational attainment can be modeled by the function F=0.73M-1.317 Where M & F represent the annual earnings and thousands of dollars of males and females respectively (A)Viewing F as a function of M what is the slope of M of the graft of this function (B)When the average annual earnings from Mills reach $60,000 what does the equation predict for the average annual earnings for females?

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