The price-demand and cost functions for the production of microwaves are given as p = 235-x/30 c(x) = 52000 + 110x where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units. C.) Find the marginal revenue function in terms of x. E.) Find the profit function in terms of x. F.) Evaluate the marginal profit function at x=1500. P'(1500) =
The price-demand and cost functions for the production of microwaves are given as p = 235-x/30 c(x) = 52000 + 110x where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units. C.) Find the marginal revenue function in terms of x. E.) Find the profit function in terms of x. F.) Evaluate the marginal profit function at x=1500. P'(1500) =
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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The price-demand and cost functions for the production of microwaves are given as
p = 235-x/30
c(x) = 52000 + 110x
where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units.
C.) Find the marginal revenue function in terms of x.
E.) Find the profit function in terms of x.
F.) Evaluate the marginal profit function at x=1500.
P'(1500) =
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