Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x copies of an edition is given by C(x)=70+ 0.10x + 0.001x2 dollars. (a) Calculate the marginal revenue R'(x) and profit P'(x) functions. HINT [See Example 2.] R'(x) P'(x) (b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition. revenue profit marginal revenue marginal profit Interpret the results. per additional copy per additional copy The approximate ---Select--- from the sale of the 501st copy is $ (c) For which value of x is the marginal profit zero? x = copies Interpret your answer. The graph of the profit function is a parabola with a vertex at x = when you produce and sell copies. so the profit is at a maximum The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising "Eatathon." The society will charge students $1.10 per serving of pasta. The society estimates that the total cost of producing x servings of pasta at the event will be C(x) = 340 +0.10x + 0.002x² dollars. (a) Calculate the marginal revenue R'(x) and profit P'(x) functions. R'(x) P'(x) (b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 200 servings of pasta (in $). revenue profit marginal revenue per additional plate marginal profit per additional plate Interpret the results. The approximate ---Select--- from the sale of the 201st plate of pasta is $ (c) For which value of x is the marginal profit zero? x = plates Interpret your answer. The graph of the profit function is a parabola with a vertex at x = produce and sell plates. , so the loss is at a minimum when you
Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x copies of an edition is given by C(x)=70+ 0.10x + 0.001x2 dollars. (a) Calculate the marginal revenue R'(x) and profit P'(x) functions. HINT [See Example 2.] R'(x) P'(x) (b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition. revenue profit marginal revenue marginal profit Interpret the results. per additional copy per additional copy The approximate ---Select--- from the sale of the 501st copy is $ (c) For which value of x is the marginal profit zero? x = copies Interpret your answer. The graph of the profit function is a parabola with a vertex at x = when you produce and sell copies. so the profit is at a maximum The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising "Eatathon." The society will charge students $1.10 per serving of pasta. The society estimates that the total cost of producing x servings of pasta at the event will be C(x) = 340 +0.10x + 0.002x² dollars. (a) Calculate the marginal revenue R'(x) and profit P'(x) functions. R'(x) P'(x) (b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 200 servings of pasta (in $). revenue profit marginal revenue per additional plate marginal profit per additional plate Interpret the results. The approximate ---Select--- from the sale of the 201st plate of pasta is $ (c) For which value of x is the marginal profit zero? x = plates Interpret your answer. The graph of the profit function is a parabola with a vertex at x = produce and sell plates. , so the loss is at a minimum when you
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
![Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x copies of an edition is given by
C(x)=70+ 0.10x + 0.001x2 dollars.
(a) Calculate the marginal revenue R'(x) and profit P'(x) functions. HINT [See Example 2.]
R'(x)
P'(x)
(b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies
of the latest edition.
revenue
profit
marginal revenue
marginal profit
Interpret the results.
per additional copy
per additional copy
The approximate ---Select--- from the sale of the 501st copy is $
(c) For which value of x is the marginal profit zero?
x =
copies
Interpret your answer.
The graph of the profit function is a parabola with a vertex at x =
when you produce and sell
copies.
so the profit is at a maximum](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb39c7dee-7c3f-4481-823f-1eba39ee6dcc%2Fd04949c9-c17c-45c2-8f36-363e91942c4f%2Fd5w627x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x copies of an edition is given by
C(x)=70+ 0.10x + 0.001x2 dollars.
(a) Calculate the marginal revenue R'(x) and profit P'(x) functions. HINT [See Example 2.]
R'(x)
P'(x)
(b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies
of the latest edition.
revenue
profit
marginal revenue
marginal profit
Interpret the results.
per additional copy
per additional copy
The approximate ---Select--- from the sale of the 501st copy is $
(c) For which value of x is the marginal profit zero?
x =
copies
Interpret your answer.
The graph of the profit function is a parabola with a vertex at x =
when you produce and sell
copies.
so the profit is at a maximum

Transcribed Image Text:The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising "Eatathon." The society will charge
students $1.10 per serving of pasta. The society estimates that the total cost of producing x servings of pasta at the event will be
C(x) = 340 +0.10x + 0.002x² dollars.
(a) Calculate the marginal revenue R'(x) and profit P'(x) functions.
R'(x)
P'(x)
(b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 200 servings of
pasta (in $).
revenue
profit
marginal revenue
per additional plate
marginal profit
per additional plate
Interpret the results.
The approximate ---Select--- from the sale of the 201st plate of pasta is $
(c) For which value of x is the marginal profit zero?
x =
plates
Interpret your answer.
The graph of the profit function is a parabola with a vertex at x =
produce and sell
plates.
, so the loss is at a minimum when you
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