5. Given that P(x) is the profit function when x items are sold, the approximate additional profit earned when the 31st item is sold is given by - a) P'(31) b) P'(30) c) P(30) d) P(31)
5. Given that P(x) is the profit function when x items are sold, the approximate additional profit earned when the 31st item is sold is given by - a) P'(31) b) P'(30) c) P(30) d) P(31)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 2.3CE
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Transcribed Image Text:5. Given that P(x) is the profit function when x items are sold, the approximate
additional profit earned when the 31st item is sold is given by -
a) P'(31)
b) P'(30)
c) P(30)
d) P(31)
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