7) The profit (in dollars) derived from selling z units of an alarm clock is given by P= 0.0002z° + 10z a. Find the marginal profit for a production level of 100 units. b. Compare the marginal profit with the actual gain in profit obtained by increasing the production level from 100 to 101 units.

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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7) The profit (in dollars) derived from selling z units of an alarm clock is
given by P= 0.0002z" + 10z
a. Find the marginal profit for a production level of 100 units.
b. Compare the marginal profit with the actual gain in profit
obtained by increasing the production level from 100 to 101 units.
Transcribed Image Text:7) The profit (in dollars) derived from selling z units of an alarm clock is given by P= 0.0002z" + 10z a. Find the marginal profit for a production level of 100 units. b. Compare the marginal profit with the actual gain in profit obtained by increasing the production level from 100 to 101 units.
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