Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C= 80,000 + 40x, R=200x - P=R-C 20 where the production output in 1 week is x calculators. If production is increasing at a rate of 500 calculators per week when production output is 4,000 calculators. Find the rate of increase (decrease) in cost, revenue, and profit. A) Costs are at the rate of $ per week at this production level. (Simplify your answer.)

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 that for a company manufacturing calculators, the cost, revenue, and profit equations are given by
C= 80,000 + 40x, R= 200x -
P=R-C
20
where the production output in 1 week is x calculators. If production is increasing at a rate of 500 calculators per week when production output is 4,000 calculators. Find the rate of increase (decrease) in cost, revenue, and profit.
A) Costs are
at the rate of $ per week at this production level.
(Simplify your answer.)
Transcribed Image Text:Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by C= 80,000 + 40x, R= 200x - P=R-C 20 where the production output in 1 week is x calculators. If production is increasing at a rate of 500 calculators per week when production output is 4,000 calculators. Find the rate of increase (decrease) in cost, revenue, and profit. A) Costs are at the rate of $ per week at this production level. (Simplify your answer.)
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