6) The profit function for sales of two models of trucks at a car dealership is given by (a, b) = 1240a + 800b – 5a² + 2ab – 6b² – 250 where a is the number of sales per week of model A, and b is the number of sales per week of model B. What's the marginal profit if model A sales increase by 1 unit from a base of II(15,10)? You must use calculus to solve. Interpret the result.

6) The profit function for sales of two models of trucks at a car dealership is given by (a, b) = 1240a + 800b – 5a² + 2ab – 6b² – 250 where a is the number of sales per week of model A, and b is the number of sales per week of model B. What's the marginal profit if model A sales increase by 1 unit from a base of II(15,10)? You must use calculus to solve. Interpret the result.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

6) The profit function for sales of two models of trucks at a car dealership is given by
I(a, b) = 1240a + 800b – 5a² + 2ab – 6b? – 250
where a is the number of sales per week of model A, and b is the number of sales per week of model B. What's the
marginal profit if model A sales increase by 1 unit from a base of II(15,10)? You must use calculus to solve. Interpret
the result.

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