Please do this typewritten only for upvote. I will not upvote if it is handwritten. Make sure you answer it completely and no shortcuts. SKIP THIS IF YOU HAVE ALREADY ANSWERED THIS OR ELSE GET A DOWNVOTE. Thank you ### Problem IV: Price-Demand and Cost Functions Analysis for Notebook ProductionA small business determined that the price-demand and cost functions for producing and selling \( x \) notebooks are given by the following equations, where \( p \) and \( C \) are in pesos:\[ p(x) = 70 - 0.25x \]\[ C(x) = 0.5x^2 + 10x + 800 \]1. **Find the marginal profit when 20 notebooks are sold.**2. **At what production level is the average cost per notebook at a minimum?**

Answered: Image /qna-images/answer/53c256c4-7e5a-4e69-95ec-26fe37fa99df.jpg

IV. A small business determined that the price-demand and cost functions for producing and selling x notebooks are given by p(x) = 70 -0.25x and C(x) = 0.5x² + 10x + 800, respectively, where p and Care in pesos. 1. Find the marginal profit when 20 notebooks are sold. 2. At what production level is the average cost per notebook at a minimum?

IV. A small business determined that the price-demand and cost functions for producing and selling x notebooks are given by p(x) = 70 -0.25x and C(x) = 0.5x² + 10x + 800, respectively, where p and Care in pesos. 1. Find the marginal profit when 20 notebooks are sold. 2. At what production level is the average cost per notebook at a minimum?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter3: Linear And Nonlinear Functions

Section: Chapter Questions

Problem 26MCQ

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