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he Math Club at Foothill College is planning a fundraiser for n day. They plan to sell pieces of apple pie for a price of $4.00 each. They estimate nake x servings of apple pie is given by, C(x) = 300 + 0.1x +0.003x. Use this information to answer the questions below: A) What is the revenue function, R(x)? 3) What is the associated profit function, P(x). Show work and simplify your function algebraically. C) What is the marginal profit function?

he Math Club at Foothill College is planning a fundraiser for n day. They plan to sell pieces of apple pie for a price of $4.00 each. They estimate nake x servings of apple pie is given by, C(x) = 300 + 0.1x +0.003x. Use this information to answer the questions below: A) What is the revenue function, R(x)? 3) What is the associated profit function, P(x). Show work and simplify your function algebraically. C) What is the marginal profit function?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The Math Club at Foothill College is planning a fundraiser for n day. They plan to sell pieces of apple pie for a price of $4.00 each. They estimate that the cost to make x servings of apple pie is given by, C(x) =300 +0.1x +0.003x?. Use this information to answer the questions below: (A) What is the revenue function, R(x)? (B) What is the associated profit function, P(x). Show work and simplify your function algebraically. (C) What is the marginal profit function? (D) What is the marginal profit if you sell 150 pieces of pie? Show work and include units with your answer. (E) Interpret your answer to part (D).
Transcribed Image Text:The Math Club at Foothill College is planning a fundraiser for n day. They plan to sell pieces of apple pie for a price of $4.00 each. They estimate that the cost to make x servings of apple pie is given by, C(x) =300 +0.1x +0.003x?. Use this information to answer the questions below: (A) What is the revenue function, R(x)? (B) What is the associated profit function, P(x). Show work and simplify your function algebraically. (C) What is the marginal profit function? (D) What is the marginal profit if you sell 150 pieces of pie? Show work and include units with your answer. (E) Interpret your answer to part (D).
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