webassign.net/web/Student/Assignment-Responses/last?dep=29230575 The daily cost (in dollars) of producing Samsung VR headsets is given by C(x) = 400 + 400x2+ 5x3 where x denotes the number of headsets produced in a day and the total revenue in dollars is given by R(X) = 5000x - 90x2 Using the marginal average profit function, P'(x), approximate the marginal average profit when 2 headsets have been produced and sold. [-/1 Points] DETAILS Math 110 Course Resources - Marginal Analysis & Elasticity Course Packet on elasticity of demand Given the demand equation p + = 16, where p represents the price in dollars and x the number of units, determine the elasticity of demand when the price p is equal to $4. Elasticity of Demand = Therefore, demand is O elastic O inelastic O unitary when price is equal to $4 and a small increase in price will result in an increase in total revenue. O little to no change in total revenue. O a decrease in total revenue. 81.F Mostly cloudy