Determine the following for the scenario: Suppose that for a certain company, the price-demand equation is p = 100 – 0.5x and the weekly cost function for manufacturing x units per week is C(x) = 2000 + 10x. %3D %3D a) Write the profit function. b) Find the rate of change of profit given that production output is currently 100 units, and the production is increasing at a rate of 20 units per week.

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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Determine the following for the scenario:
Suppose that for a certain company, the
price-demand equation is p = 100 – 0.5x
and the weekly cost function for
manufacturing x units per week is
C(x) = 2000 + 10x.
%3D
a) Write the profit function.
b) Find the rate of change of profit given
that production output is currently
100 units, and the production is
increasing at a rate of 20 units per
week.
Transcribed Image Text:Determine the following for the scenario: Suppose that for a certain company, the price-demand equation is p = 100 – 0.5x and the weekly cost function for manufacturing x units per week is C(x) = 2000 + 10x. %3D a) Write the profit function. b) Find the rate of change of profit given that production output is currently 100 units, and the production is increasing at a rate of 20 units per week.
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