To explain:The derivation of marginal profit in terms of marginal revenue and marginal cost.
Answer to Problem 39E
Formula of marginal profit is
Explanation of Solution
Given information:
Need to use sum and
Assume revenue generated by selling
So marginal revenue can be represented by
Assume that cost of
So marginal costcan be represented by
Assume profit of selling
As
Evaluate marginal profit that is
Apply sum and difference rule
Hence required derived formula of marginal profit using sum and difference rule is
Chapter 3 Solutions
Calculus 2012 Student Edition (by Finney/Demana/Waits/Kennedy)
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