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Where it says select there are two options. Profit and loss. How would I solve for revenue and profit? The Audubon Society at Enormous State
Where it says "select" there are two options. Profit and loss. How would I solve for revenue and profit?
The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising "Eatathon." The society will charge students $1.10 per serving of pasta. The society estimates that the total cost of producing x servings of pasta at the event will be C(x) = 340 + 0.10x + 0.002x2 dollars. (a) Calculate the marginal revenue R'(x) and profit P'x) functions. HINT (See Example 2.] R'(x) = P'(x) = (b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 200 servings of pasta. revenue profit marginal revenue $ per additional plate marginal profit per additional plate Interpret the results. The approximate ---Select--- from the sale of the 201st plate of pasta is $ (c) For which value of x is the marginal profit zero? x = plates Interpret your answer. The graph of the profit function is a parabola with a vertex at x = so the loss is at a minimum when you produce and sell plates. Need Help? Talk to a Tutor Submit Answer Viewing Saved Work Revert to Last ResponseStep by Step Solution
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