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The Audubon Society at Enormous State University ( ESU ) is planning its annual fund - raising Eatathon. The society will charge students $ 1
The Audubon Society at Enormous State University ESU is planning its annual fundraising "Eatathon." The society will charge students
$ per serving of pasta. The society estimates that the total cost of producing servings of pasta at the event will be
dollars.
a Calculate the marginal revenue and profit functions.
b Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold servings of pasta in
$
revenue $
profit $
marginal revenue $ per additional plate
marginal profit $ per additional plate
Interpret the results.
The approximate
from the sale of the plate of pasta is $
c For which value of is the marginal profit zero?
plates
Interpret your answer.
The graph of the profit function is a parabola with a vertex at
so the loss is at a minimum when you produce and
sell
plates.
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