Let C(x) = = 7x + 850 and R(x) = 23x. %3D (a) Write the profit function P(x). P(x) = (b) What is the slope m of the profit function? m = (c) What is the marginal profit MP? MP =
Let C(x) = = 7x + 850 and R(x) = 23x. %3D (a) Write the profit function P(x). P(x) = (b) What is the slope m of the profit function? m = (c) What is the marginal profit MP? MP =
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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HARMATHAP12 1.6.009.
Let C(x) = 7x + 850 and R(x)
= 23x.
(a) Write the profit function P(x).
P(x) =
(b) What is the slope m of the profit function?
m =
(c) What is the marginal profit MP?
MP
%3D
(d) Interpret the marginal profit.
This is the smallest number of units that can be sold in order to make a profit.
Each additional unit sold decreases the profit by this much.
Each additional unit sold increases the profit by this much.
The profit is maximized when this maný units are sold.
Submit Answer
DETAILS
HARMATHAP12 2.R.049.
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