Homework Help is Here – Start Your Trial Now!
Business
Economics
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.

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.

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 7.5IP
See similar textbooks
icon
Related questions
Question
help  please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!
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.
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Microeconomic Theory
Microeconomic Theory
Economics
ISBN:
9781337517942
Author:
NICHOLSON
Publisher:
Cengage
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
SEE MORE TEXTBOOKS