Business, 25.02.2020 00:04 devbar3416

Let C(x) = 7x + 450 and R(x) = 28x. (a) Write the profit function P(x). P(x) = Correct: Your answer is correct. (b) What is the slope m of the profit function? m = 21 Correct: Your answer is correct. (c) What is the marginal profit MP ? MP = 21.42 Incorrect: Your answer is incorrect. (d) Interpret the marginal profit. Each additional unit sold increases the profit by this much. The profit is maximized when this many units are sold. Each additional unit sold decreases the profit by this much. This is the smallest number of units that can be sold in order to make a profit. Correct: Your answer is correct.

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Let C(x) = 7x + 450 and R(x) = 28x. (a) Write the profit function P(x). P(x) = Correct: Your answer...

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