The marginal profit for a certain company is MP 1 (x) = -x 2 + 14x -
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The marginal profit for a certain company is MP1(x) = -x2 + 14x - 24. The company expects the daily production level to rise from x = 6 to x = 8 units. The management is considering a plan that would have the effect of changing the marginal profit to M2(x) = -x2 + 12x - 20. Should the company adopt the plan? Determine the area between the graphs of the two marginal profit functions from x = 6 to x = 8. Interpret this area in economic terms.
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Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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