1. If the total revenue received from the sale of x items is given by R(x) = 10 ln(2x + 1) while the total cost to produce x items is C(x) = . Find the following 2 a) The marginal revenue b) The profit function P(x) c) The marginal profit when x = 60 d) Interpret the results of part c)

1. If the total revenue received from the sale of x items is given by R(x) = 10 ln(2x + 1) while the total cost to produce x items is C(x) = . Find the following 2 a) The marginal revenue b) The profit function P(x) c) The marginal profit when x = 60 d) Interpret the results of part c)

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter2: Graphical And Tabular Analysis

Section2.1: Tables And Trends

Problem 1TU: If a coffee filter is dropped, its velocity after t seconds is given by v(t)=4(10.0003t) feet per...

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Question

1. If the total revenue received from the sale of x items is given by
R(x) = 10 ln(2x + 1)
X
while the total cost to produce x items is C(x) = Find the following
2
a) The marginal revenue
b) The profit function P(x)
c) The marginal profit when x = 60
d) Interpret the results of part c)

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