The total profit (in dollars) from the sale of w ovens is given by P(w) = 20 w – 0.02 w2 – 320 , 0 ≤ w ≤ 1000 a) Find the average profit per oven if 40 ovens are produced. b) Find the marginal average profit at a production level of 40 ovens and interpret the results. c) Use the results from parts (a) and (b) above to estimate the average profit per oven, if 41 ovens are produced.
The total profit (in dollars) from the sale of w ovens is given by P(w) = 20 w – 0.02 w2 – 320 , 0 ≤ w ≤ 1000 a) Find the average profit per oven if 40 ovens are produced. b) Find the marginal average profit at a production level of 40 ovens and interpret the results. c) Use the results from parts (a) and (b) above to estimate the average profit per oven, if 41 ovens are produced.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter10: Inequalities
Section10.3: Solving Problems Involving Inequalities
Problem 14P
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The total profit (in dollars) from the sale of w ovens is given by
P(w) = 20 w – 0.02 w2 – 320 , 0 ≤ w ≤ 1000
a) Find the average profit per oven if 40 ovens are produced.
b) Find the marginal average profit at a production level of 40 ovens and
interpret the results.
c) Use the results from parts (a) and (b) above to estimate the average profit
per oven, if 41 ovens are produced.
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