Your college newspaper, the collegiate investigator, sells for 90 cents per copy. The cost of producing X copies of an edition is given by C(x)=70+0.10x+0.001x^2 dollars. (b) compute the Revenue and Profit, and also the marginal revenue and profit, if you have purchased and sold 500 copies of the last edition.  Revenue=_____ Profit=____ Marginal Revenue=____ Marginal profit=___

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Your college newspaper, the collegiate investigator, sells for 90 cents per copy. The cost of producing X copies of an edition is given by C(x)=70+0.10x+0.001x^2 dollars. (b) compute the Revenue and Profit, and also the marginal revenue and profit, if you have purchased and sold 500 copies of the last edition.  Revenue=_____ Profit=____ Marginal Revenue=____ Marginal profit=____
(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
$ 0.09
profit
$-1.01
marginal revenue
$ -70.00099
X per additional copy
marginal profit
$ -0.01018
X per additional copy
Interpret the results.
Transcribed Image Text:(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 $ 0.09 profit $-1.01 marginal revenue $ -70.00099 X per additional copy marginal profit $ -0.01018 X per additional copy Interpret the results.
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