Question
The profit (in hundreds of dollars) from the sale ofx x number of a particular item isP ( x ) = 95.669 x 0.03 x
The profit (in hundreds of dollars) from the sale ofx
x
number of a particular item isP
(
x
)
=
95.669
x
0.03
x
2
731
P
(
x
)
=
95.669
x
-
0.03
x
2
-
731
.
A) Find the average profit function,
P
(
x
)
P
(
x
)
.
P
(
x
)
=
P
(
x
)
=
B) Find
P
(
48
)
P
(
48
)
and interpret the result.
P
(
48
)
=
P
(
48
)
=
(Round to two decimal places as needed.)
Ifitems are produced, the average profit per item is $.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
