Please correct answer and don't use hand rating 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 arecolumns for profit(x), and Marginal profit(x + 1), and profit' (x). (You may want othercolumns as well.)(B) Produce a plot with profit(x), and Marginal profit' (x + 1), on a single plot. Use asecondary axis for Marginal profit' (x + 1).(C) Find two breakeven points.(D) Find a value of x s where Marginal profit' (x + 1) = 0.

First, let's clarify the given profit function:profit(x) = x(400 - x) - (200,000 + B*x)We're not…

Answered: 3) You are told profit(x) = x (400 - *)…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its marginal cost for a product is MC = 2x + 25, that its marginal revenue is MR = 73 – 6x, and that the cost of production of 80 units is $8,560. (a) Find the optimal level of production. units (b) Find the profit function. P(x) = (c) Find the profit or loss at the optimal level. There is a -Select--- v of $
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A community bird-watching society makes and sells simple bird feeders to raise money for its conservation activities. The materials for each feeder cost $5, and the society sells an average of 24 per week at a price of $9 each. The society has been considering raising the price, so it conducts a survey and finds that for every dollar increase, it loses 3 sales per week. (a) Find a function that models weekly profit in terms of price per feeder. (Let x represent the price per feeder and P represent the profit.) P(x) = (b) What price should the society charge for each feeder to maximize profits? $ What is the maximum weekly profit? $
please helps asap
As a producer and seller of some commodity, you have learned that, if you produce and sell x itmes in a particular month, the following functions can be used to find the cost and revenue: Revenue: R(x)=150x-x^2 and Cost: C(x)=3000+20x. (a) Write a simplified formula for your profit in a particular month, P(x)=R(x)- C(x) (b) Find the "break-even" point(s) (c) How many items should you produce and sell in a month in order to achieve a maximum profit? (d) What is the maximum possible monthly profit? This is the problem and I cannot solve the c and d, could you please help me?

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