Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. [/4 Points] TANAPCALC10 3.4.011. ASK YOUR TEACHER PRACTICE ANOTHER Marginal Profit for Producing Loudspeakers Acrosonic's production department estimates that the total cost (in dollars)
5. [/4 Points] TANAPCALC10 3.4.011. ASK YOUR TEACHER PRACTICE ANOTHER Marginal Profit for Producing Loudspeakers Acrosonic's production department estimates that the total cost (in dollars) incurred in manufacturing x ElectroStat speaker systems in the rst year of production will be represented by the following function, where R(X) is the revenue function in dollars and x denotes the quantity demanded. Find the following functions (in dollars) and compute the values (in dollars). C(X) = 140x + 21,000 and R00 = 0.04X2 + 800x (a) Find the profit function P. P(X) = (b) Find the marginal profit function P'. P'(x) = (c) Compute the following values. P'(3,500) = : P'(9,000) = Need Help? mu Mean
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started