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?**

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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?

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section: Chapter Questions

Problem 30P: In this problem you are asked to find a function that models in real life situation and then use the...

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