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HW-23-Marginals Section 4.9: Problem 2 (1 point) The price-demand and cost functions for the production of microwaves are given as I = 275- _ p
HW-23-Marginals Section 4.9: Problem 2 (1 point) The price-demand and cost functions for the production of microwaves are given as I = 275- _ p 60 and C(x) = 32000 + 502:, where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units. (A) Find the marginal cost as a function ofx. C'(x) = s: (B) Find the revenue function in terms of x. R(x) = 555 (G) Find the marginal revenue function in terms of x. R' (x) = ea (D) Evaluate the marginal revenue function atx = 1500. R' (1500) = 55 (E) Find the profit function in terms ofx. P(x) = ::: (F) Evaluate the marginal prot function at x = 1500. P' (1500) = as
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