) Carefully use technology to graph your Marginal Revenue, Marginal Cost, and Marginal Profit functions on ONE graph (no hand-drawn graphs allowed). Then take a screenshot or save the file and upload it below. Be sure the following are true for your graph and upload: The file is in a readable format (.jpg, .png, .pdf) All three graphs are easily visible All three graphs are labeled Both axes are labeled with proper units The scale of the graph is reasonable The domain and range values that are visible are reasonable Desmos Graph I've added marginal profit and marginal revenue
) Carefully use technology to graph your Marginal Revenue, Marginal Cost, and Marginal Profit functions on ONE graph (no hand-drawn graphs allowed). Then take a screenshot or save the file and upload it below. Be sure the following are true for your graph and upload: The file is in a readable format (.jpg, .png, .pdf) All three graphs are easily visible All three graphs are labeled Both axes are labeled with proper units The scale of the graph is reasonable The domain and range values that are visible are reasonable Desmos Graph I've added marginal profit and marginal revenue
) Carefully use technology to graph your Marginal Revenue, Marginal Cost, and Marginal Profit functions on ONE graph (no hand-drawn graphs allowed). Then take a screenshot or save the file and upload it below. Be sure the following are true for your graph and upload: The file is in a readable format (.jpg, .png, .pdf) All three graphs are easily visible All three graphs are labeled Both axes are labeled with proper units The scale of the graph is reasonable The domain and range values that are visible are reasonable Desmos Graph I've added marginal profit and marginal revenue
(3.9) Carefully use technology to graph your Marginal Revenue, Marginal Cost, and Marginal Profit functions on ONE graph (no hand-drawn graphs allowed). Then take a screenshot or save the file and upload it below. Be sure the following are true for your graph and upload:
The file is in a readable format (.jpg, .png, .pdf)
All three graphs are easily visible
All three graphs are labeled
Both axes are labeled with proper units
The scale of the graph is reasonable
The domain and range values that are visible are reasonable
Desmos Graph
I've added marginal profit and marginal revenue in the image section since there isn't any more image space. The last function which is cost will be written out
marginal cost function. Recall that your Cost function is:
C(q)=71.4q+18100C
Answer: MC(q)= 71.4
Transcribed Image Text:**(3.2) Provide the marginal revenue function for your project. You may need to refer back to your revenue function.**
**Answer: \( MR(q) = -0.00096q^2 - 0.1442q + 525 \)**
*(Ensure to use \( q \) as your variable!)*
**Explanation:**
This expression represents the marginal revenue function \( MR(q) \), where \( q \) is the quantity variable. The equation is a quadratic function, indicating a non-linear relationship between quantity and marginal revenue. The coefficients provide specific details about how changes in \( q \) affect the marginal revenue.
Transcribed Image Text:(3.3) Give the marginal profit function for your data:
**Answer:**
\[ MP(q) = -0.00096q^2 - 0.1442q + 453.6 \]
This equation represents the marginal profit (MP) as a function of quantity (q). The equation is quadratic, indicating that the marginal profit changes with varying levels of quantity produced or sold. The coefficients in front of \( q^2 \) and \( q \) influence the shape of the graph, while the constant term affects its position on the y-axis.
Definition Definition Probability of occurrence of a continuous random variable within a specified range. When the value of a random variable, Y, is evaluated at a point Y=y, then the probability distribution function gives the probability that Y will take a value less than or equal to y. The probability distribution function formula for random Variable Y following the normal distribution is: F(y) = P (Y ≤ y) The value of probability distribution function for random variable lies between 0 and 1.
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![(3.3) Give the marginal profit function for your data:
**Answer:**
\[ MP(q) = -0.00096q^2 - 0.1442q + 453.6 \]
This equation represents the marginal profit (MP) as a function of quantity (q). The equation is quadratic, indicating that the marginal profit changes with varying levels of quantity produced or sold. The coefficients in front of \( q^2 \) and \( q \) influence the shape of the graph, while the constant term affects its position on the y-axis.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca24997c-457e-453a-a19b-7a30b4d1b1d9%2F9bfffb6b-4cd1-4145-8808-19c279c14378%2Ferfcixh_processed.png&w=3840&q=75)
