Let C(q) represent the cost, R(q) the revenue, and (q) the total profit, in dollars, of producing
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Let C(q) represent the cost, R(q) the revenue, and (q) the total profit, in dollars, of producing q items.
(a) If C'(50) = 75 and R'(50) = 84, approximately how much profit is earned by the 51st item?
(b) If C'(90) = 71 and R'(90) = 68, approximately how much profit is earned by the 91st item?
(c) If (q) is a maximum when q = 78, how do you think C'(78) and R'(78) compare? Explain.
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Related Book For
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
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