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Your college newspaper, The Collegiate Investigator, sells for 9 0 per copy. The cost of producing x copies of an edition is given by C
Your college newspaper, The Collegiate Investigator, sells for per copy. The cost of producing x copies of an edition is given by
Cxx x dollars.
a Calculate the marginal revenue Rx and profit Px functions. HINT See Example
Rx
Px
b Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold copies of the latest edition.
revenue $
profit $
marginal revenue $
per additional copy
marginal profit $
per additional copy
Interpret the results.
The approximate
Selectprofit or loss
from the sale of the st copy is $
c For which value of x is the marginal profit zero?
x
copies
Interpret your answer.
The graph of the profit function is a parabola with a vertex at x
so the profit is at a maximum when you produce and sell
copies.
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