3) You are told profit(x) = x (400 - *) - (200,000 + B*x). (A) Produce a table where the values of x goes from 0 to 60,000 by 3,000, and where there are columns for profit (x), and Marginal profit(x + 1), and profit'(x). (You may want other columns as well.) (B) Produce a plot with profit(x), and Marginal profit' (x + 1), on a single plot. Use a secondary axis for Marginal profit' (x + 1). (C) Find two breakeven points. (D) Find a value of x s where Marginal profit' (x + 1) = 0.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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3) You are told profit(x) = x (400 - *) - (200,000 + B*x).
(A) Produce a table where the values of x goes from 0 to 60,000 by 3,000, and where there are
columns for profit (x), and Marginal profit(x + 1), and profit'(x). (You may want other
columns as well.)
(B) Produce a plot with profit(x), and Marginal profit' (x + 1), on a single plot. Use a
secondary axis for Marginal profit' (x + 1).
(C) Find two breakeven points.
(D) Find a value of x s where Marginal profit' (x + 1) = 0.
Transcribed Image Text:3) You are told profit(x) = x (400 - *) - (200,000 + B*x). (A) Produce a table where the values of x goes from 0 to 60,000 by 3,000, and where there are columns for profit (x), and Marginal profit(x + 1), and profit'(x). (You may want other columns as well.) (B) Produce a plot with profit(x), and Marginal profit' (x + 1), on a single plot. Use a secondary axis for Marginal profit' (x + 1). (C) Find two breakeven points. (D) Find a value of x s where Marginal profit' (x + 1) = 0.
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