Assume that the price, in dollars, of a sound system is given by where q represents the

Question:

Assume that the price, in dollars, of a sound system is given by

where q represents the demand for the product.
(a) Find the revenue function, R(q), and the marginal revenue function, R′(q).
(b) Find and interpret the marginal revenue when the demand is 10 systems.

Suppose the cost of producing q sound systems is given by

C(q) = 0.4q² + 160q + 50.
(c) Find the marginal profit function, P′(q).
(d) Find and interpret the marginal profit when the demand is 10 systems.

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Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

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Question Posted: Jan 03, 2023 04:42 AM

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Assume that the price, in dollars, of a sound system is given by where q represents the

Question:

p(q) = = 1000 9² + 1000,

Step by Step Answer:

The price is given by a b After 10 systems have ...View the full answer

Calculus With Applications

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