Suppose a product's revenue function is given by R(q) = -3q² +800q, where R(q) is in dollars and qis units sold. Also, it's cost function is given by C(q) = 34q+26667, where C(q) is in dollars and q is units produced. Find a simplified expression for the item's Marginal Profit function (P'(aq)) and record your answer in the box. Be sure to use the correct variable. (Use the Preview button to check your syntax before submitting your final result). Answer: P'(q)

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Suppose a product's revenue function is given by R(q) = -3q² + 800q, where R(q) is in dollars and q is
units sold. Also, it's cost function is given by C(q) = 34q+26667, where C(q) is in dollars and q is units
produced. Find a simplified expression for the item's Marginal Profit function (P'(aq)) and record your
answer in the box. Be sure to use the correct variable. (Use the Preview button to check your syntax before
submitting your final result).
Answer: P'(q)
Transcribed Image Text:Suppose a product's revenue function is given by R(q) = -3q² + 800q, where R(q) is in dollars and q is units sold. Also, it's cost function is given by C(q) = 34q+26667, where C(q) is in dollars and q is units produced. Find a simplified expression for the item's Marginal Profit function (P'(aq)) and record your answer in the box. Be sure to use the correct variable. (Use the Preview button to check your syntax before submitting your final result). Answer: P'(q)
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