Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A manufacturer has determined that the revenue from the sale of an smart phone is given by the function R(x) = 94x - 0.03x2 dollars.
A manufacturer has determined that the revenue from the sale of an smart phone is given by the function R(x) = 94x - 0.03x2 dollars. The cost of producing x phones is C(x) = 10,800 + 34x dollars. (1) Find the profit function and any break-even points (2) Find P(200), P(400) and P(600) (3) Find the marginal profit function, P'(x) (4) Find P'(200), P'(400), P'(600) (5) Using your graphing calculator, sketch the graph of P(x) and P'(x) in the same viewing window. Draw by hand the two graphs and describe their relationship.
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