Suppose the profit (P) (in dollars) of a certain item is given by (P=1.25 x-850), where (x)
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Suppose the profit \(P\) (in dollars) of a certain item is given by \(P=1.25 x-850\), where \(x\) is the number of items sold.
a. Graph this profit relationship.
b. Interpret the value of \(P\) when \(x=0\).
c. The slope of this graph is called the marginal profit. Find the marginal profit, and give an interpretation.
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a Graph of Profit relationship b When x 0 there are no units sold P...View the full answer
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