Suppose for a company manufacturing flash drives, the cost and revenue equations are given by C= 6,000 + 3x and R = 20x − 0.002x , where the production output in 1 week is x flash drives. a. Find the profit function. b. Find the marginal profit function c. If production is increasing at a rate of 500 flash drives per week when production is 2,000 flash drives, find the rate of increase in profit .
Suppose for a company manufacturing flash drives, the cost and revenue equations are given by C= 6,000 + 3x and R = 20x − 0.002x , where the production output in 1 week is x flash drives. a. Find the profit function. b. Find the marginal profit function c. If production is increasing at a rate of 500 flash drives per week when production is 2,000 flash drives, find the rate of increase in profit .
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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4. Suppose for a company manufacturing flash drives, the cost and revenue equations are given by C= 6,000 + 3x and R = 20x − 0.002x , where the production output in 1 week is x flash drives.
a. Find the profit function.
b. Find the marginal profit function
c. If production is increasing at a rate of 500 flash drives per week when production is 2,000 flash drives, find the rate of increase in profit .
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