3. Suppose that the total profit in hundreds of dollars from selling x items is given by...
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Question:
3. Suppose that the total profit in hundreds of dollars from selling x items is given by P(x)=2x2-5x+6
i. find the average rate of change in profit for the following changes in x
a. 2 to 4
b. 2 to 3
c. 2 to 2.5
d. 2 to 2.1
e. 2 to 2.05
ii. what do you think is the instantaneous rate of change of profit with respect to the number of items produced when x=2. Why?
iii. Use a similar process to predict the instantaneous rate of change when 5 items are being produced. (Use at least 3 sets of numbers)
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