IV. A small business determined that the price-demand and cost functions for producing and selling x notebooks are given by p(x) = 70 -0.25x and C(x) = 0.5x² + 10x +800, respectively, where p and C are in pesos. 1. Find the marginal profit when 20 notebooks are sold. 2. At what production level is the average cost per notebook at a minimum?
IV. A small business determined that the price-demand and cost functions for producing and selling x notebooks are given by p(x) = 70 -0.25x and C(x) = 0.5x² + 10x +800, respectively, where p and C are in pesos. 1. Find the marginal profit when 20 notebooks are sold. 2. At what production level is the average cost per notebook at a minimum?
Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
Problem 14TI: The half-life of plutonium-244 is 80,000,000 years. Find function gives the amount of carbon-14...
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![IV. A small business determined that the price-demand and cost functions for producing and selling
x notebooks are given by p(x) = 70 – 0.25x and C(x) = 0.5x² + 10x + 800, respectively, where
p and C are in pesos.
1. Find the marginal profit when 20 notebooks are sold.
2. At what production level is the average cost per notebook at a minimum?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F133d929b-5ad0-4c98-bbc2-22cef9179286%2F427d3d6c-40ca-4651-946d-6a855d6bc8d4%2F898l7ks_processed.jpeg&w=3840&q=75)
Transcribed Image Text:IV. A small business determined that the price-demand and cost functions for producing and selling
x notebooks are given by p(x) = 70 – 0.25x and C(x) = 0.5x² + 10x + 800, respectively, where
p and C are in pesos.
1. Find the marginal profit when 20 notebooks are sold.
2. At what production level is the average cost per notebook at a minimum?
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