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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.

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
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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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