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?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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...
icon
Related questions
Question
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?
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?
Expert Solution
steps

Step by step

Solved in 7 steps with 6 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning