SuJappose that the profit functiontor a com modityX)=-0.01x2+20x-1990where3.X13 the number of Acms sold,Find the marginal profit at x=50and tell what ;ittems sopredizds.

Given the profit function P(x)= -0.01x2+20x-1990 Marginal profit is the first order derivative of…

Answered: Juppose that the profit function for a…

Juppose that the profit function for a commodity is P/x)=-0.01x²+ 20x-1990 , where X 13 the number of Acms sold, Find the marginel profit atx = 50 and te l cwhat't predieds, piedizts.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 11RQ: What is die difference between accounting and economic profit?

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Question

Su
Jappose that the profit function
tor a com modity
X)=-0.01x2+20x-1990
where
3.
X13 the number of Acms sold,
Find the marginal profit at x=50
and tell what ;it
tems so
predizds.

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