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 Care 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 Care 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
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section: Chapter Questions
Problem 30P: In this problem you are asked to find a function that models in real life situation and then use the...
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