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不 A small tie shop finds that at a sales level of x ties per day its marginal profit is MP(x) dollars per tie, where MP(x) = 1.25+0.08x-0.0024x2. Also, the shop will lose $90 per day at a sales level of x=0. Find the profit from operating the shop at a sales level of x ties per day. -

不 A small tie shop finds that at a sales level of x ties per day its marginal profit is MP(x) dollars per tie, where MP(x) = 1.25+0.08x-0.0024x2. Also, the shop will lose $90 per day at a sales level of x=0. Find the profit from operating the shop at a sales level of x ties per day. -

Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter19: Labor And Entrepreneurship: The Human Inputs
Section: Chapter Questions
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不 A small tie shop finds that at a sales level of x ties per day its marginal profit is MP(x) dollars per tie, where MP(x) = 1.25+0.08x-0.0024x2. Also, the shop will lose $90 per day at a sales level of x=0. Find the profit from operating the shop at a sales level of x ties per day. -
Transcribed Image Text:不 A small tie shop finds that at a sales level of x ties per day its marginal profit is MP(x) dollars per tie, where MP(x) = 1.25+0.08x-0.0024x2. Also, the shop will lose $90 per day at a sales level of x=0. Find the profit from operating the shop at a sales level of x ties per day. -
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