The cost function for the company in Exercise 23 is C(x) = 150 + 75x, where x
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The cost function for the company in Exercise 23 is C(x) = 150 + 75x, where x represents the demand for the product. Find the approximate change in profit for a 1-unit change in demand when demand is at a level of 100 doghouses. Use the differential.
Exercise 23
A company estimates that the revenue (in dollars) from the sale of x doghouses is given by R(x) = 12,000 1n(0.01x + 1). Use the differential to approximate the change in revenue from the sale of one more doghouse when 100 doghouses are sold.
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The change in profit is a loss of abo...View the full answer
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