Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8 Suppose that the total profit in hundreds of dollars from selling x items is given by P(x) = 3x - 5x + 8. Complete

image text in transcribed

8

image text in transcribed
Suppose that the total profit in hundreds of dollars from selling x items is given by P(x) = 3x - 5x + 8. Complete parts a through d below. . . . .. a. Find the average rate of change of profit as x changes from 2 to 4. $ 1300 per item b. Find the average rate of change of profit as x changes from 2 to 3. $ 1000 per item c. Find and interpret the instantaneous rate of change of profit with respect to the number of items produced when x = 2. (This number is called the marginal profit at x = 2.) $ 700 per item What does this result mean? Choose the correct answer below. O A. When 2 items are sold, the profit is increasing at the rate of $ 700 per item. O B. When 2 items are sold, the profit is decreasing at the rate of $ per item. O C. When items are sold for $ , the profit is increasing at the rate of $2 per item. O D. When items are sold for $ , the profit is decreasing at the rate of $2 per item. d. Find the marginal profit at x = 4. $ 1900 per item

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Analysis And Its Applications Roorkee, India, December 2014

Authors: P N Agrawal, R N Mohapatra, Uaday Singh, H M Srivastava

1st Edition

813222485X, 9788132224853

More Books

Students also viewed these Mathematics questions

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago