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x = 7 5 - 7 . 5 p and C ( x ) = 8 1 + 0 . 9 2 x where x
and
where is the number of bags that can be sold at a price of $p per bag and is the total cost in dollars of producing bags.
a points Express the price as a function of the demand
b points Find the revenue function
points What is the marginal revenue at a production level of bags? Interpret your result.
d points Compute the breakeven points round to the nearest unit Interpret your result.
points What is the marginal profit at a production level of bags? Interpret your result.
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