Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Let C ( q ) represent the cost, R ( q ) the revenue, and ( q ) the total profit, in dollars, of producing

Let C(q) represent the cost, R(q) the revenue, and (q) the total profit, in dollars, of producing q items.
(a) If C'(50)=74 and R'(50)=83, approximately how much profit is earned by the 51st item?
The profit earned from the 51st item will be approximately $
(b) If C'(90)=69 and R'(90)=64, approximately how much profit is earned by the 91st item?
The profit earned from the 91st item will be approximately $
(c) If (q) is a maximum when q=78, how do you think C'(78) and R'(78) compare?
C'(78),R'(78)
is equal to is less than is more than
Save for Later
Attempts: 0 of 5 used
image text in transcribed

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

Introduction To Emergency Management

Authors: Jane A Bullock, George D Haddow

7th Edition

0128171391, 9780128171394

More Books

Students also viewed these General Management questions

Question

2. How do I perform this role?

Answered: 1 week ago