Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

C(x)=360+0.10x+0.002x2dollars. (a) Calculate the marginal revenue R(x) and profit P(x) functions. R(x)=P(x)= (b) Compute the revenue and profit, and also the marginal revenue and profit,

image text in transcribed C(x)=360+0.10x+0.002x2dollars. (a) Calculate the marginal revenue R(x) and profit P(x) functions. R(x)=P(x)= (b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 200 servings of pasta (in $ ). \begin{tabular}{|c|c|c|} \hline revenu & $ & \\ \hline profit & & \\ \hline marginal revenue & $ & per additional plate \\ \hline marginal profit & $ & per additional plate \\ \hline \end{tabular} Interpret the results. The approximate fromthesaleofthe201stplateofpastais$ (c) For which value of x is the marginal profit zero? ]plates Interpret your answer. The graph of the profit function is a parabola with a vertex at x= , so the loss is at a minimum when you produce and sell plates. [/5 Points] WANEAC7 4.2.015. Suppose P(x) represents the profit on the sale of x Blu-ray discs. If P(1,000)=9,000 and P(1,000)=2, what do these values tell you about the profit? decreasing at the rate of $ per additional Blu-ray disc sold

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

International Financial Management

Authors: Cheol Eun, Bruce Resnick

4th Edition

0072996862, 9780072996869

More Books

Students also viewed these Finance questions

Question

Explain the factors that determine the degree of decentralisation

Answered: 1 week ago

Question

What Is acidity?

Answered: 1 week ago

Question

Explain the principles of delegation

Answered: 1 week ago

Question

State the importance of motivation

Answered: 1 week ago

Question

Discuss the various steps involved in the process of planning

Answered: 1 week ago